Quadro Resources Ltd. (TSXV:QRO) announced a private placement of 4,700,000 hard dollar units at a price of CAD 0.13 per share for gross proceeds of CAD 611,000 and 6,043,942 flow-through units at a price of CAD 0.17 per share for gross proceeds of CAD 1,027,470.14, for aggregate gross proceeds of CAD 1,638,470.14 on December 22, 2020. The transaction was led by Palisades Goldcorp Ltd. and included participation from 16 placees including an insider of the company, Tom Wilson for 41,000 flow-through units for gross proceeds of CAD 6,970. Each hard dollar unit consists of one common share of the company and one common share purchase warrant. Each warrant being exercisable for an additional common share of the company at a price of CAD 0.18 per share for a period of 36 months from closing. Each flow-through unit consists of one flow-through common share of the company and one half of one common share purchase warrant. Each warrant being exercisable for an additional common share of the company at a price of CAD 0.20 per share for a period of 24 months from closing. The transaction is subject to regulatory approval. The company will pay finder's fee of CAD 91,566.01 in cash and issue 379,059 broker warrants which will be exercisable for an additional common share of the company at a price of CAD 0.18 per share for a period of 36 months from closing and 128,859 broker warrants which will be exercisable for an additional common share of the company at a price of CAD 0.20 per share for a period of 24 months from closing to GloRes Securities Inc. and PI Financial. All securities issued in the transaction is subject to hold-period of four-month. The TSX Venture Exchange has accepted for filing documentation of the transaction.