On November 4, 2025, Quimbaya Gold Inc. (the "Company") completed a bought deal private placement offering pursuant to the listed issuer financing exemption (the "Offering") for gross proceeds of C$14.4 million, including the full exercise of the underwriter's option for additional proceeds of C$1.8 million.
Under the Offering, the Company issued 20,585,000 units at a price of C$0.70 per unit, with each unit consisting of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder thereof to purchase one common share at a price of C$1.00 until November 4, 2028.
Proceeds of the of the Offering will be used to advance the Company's exploration programs, including drilling at its Tahami South project and follow-up work on regional copper-gold and gold targets, as well as for general working capital purposes.
Stifel Nicolaus Canada Inc. acted as sole underwriter and bookrunner of the Offering.
Fasken advised Stifel Nicolaus Canada Inc. in connection with the Offering with a team led by Alex Nikolic, which included Victoria Zed, Brittany Vanword, Terence Bernard and Victoria Mirabelli (Articling Student).
Jurisdiction
- Ontario
