Quadro Resources Ltd.
TSX VENTURE : QRO.H
NEX BOARD : QRO.H

Quadro Resources Ltd.

June 14, 2017 19:39 ET

Quadro Amends $1 Million Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 14, 2017) - Quadro Resources Ltd. ("Quadro" or the "Company") (NEX:QRO.H) announces that it is amending its $1 million financing previously announced June 7, 2017, the "Financing") by adding a half warrant to the flow through portion of the Financing. The Financing will now consist of (i) up to $250,000 of non-flow through units ("Units") at a price of $0.10 per unit (post Consolidation), each unit consisting of one common share and one warrant exercisable at $0.15 for a term of eighteen months subject to acceleration if the shares of Quadro trade at $0.45 or greater for 10 consecutive trading days; and (ii) up to $750,000 of flow through units ("FT Units") at $0.10 per FT Unit (post Consolidation), each FT Unit consisting of one flow-through share and one half of a common share purchase warrant, each full warrant exercisable at $0.20 for a term of eighteen months subject to acceleration if the shares of Quadro trade at $0.45 or greater for 10 consecutive trading days.

Closing of the Financing is subject to the TSXV acceptance.

ON BEHALF OF THE BOARD OF DIRECTORS
T. Barry Coughlan, CEO

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release." The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections."

For more information on the Company, interested parties should review the Company's filings that are available at www.sedar.com.

Contact Information

  • Quadro Resources Ltd.
    (604) 683-3331
    (604) 685-8677 (FAX)