Quadro Resources Ltd. (TSXV:QRO) has announced a non-brokered private placement of up to 2,500,000 units at CAD 0.05 per unit and up to 7,500,000 flow-through units at CAD 0.05 per unit for gross proceeds of CAD 500,000 on December 13, 2019. Each unit consists of one common share of and one common share purchase warrant, exercisable for an additional common share at CAD 0.05 for 12 months from closing of the transaction. Each flow-through unit consists of one flow-through share and one common share purchase warrant, exercisable for a common share at CAD 0.05 for 12 months.

The securities issued in the transaction are subject to regulatory approvals. The company may pay finder's fees in accordance with TSX Venture Exchange policies in the transaction.