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Quimbaya Gold (CSE: QIM) Announces C$2 Million Private Placement to Fund Exploration Activities
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Highlights
Quimbaya Gold Inc. (CSE: QIM) (OTCQB: QIMGF) (FSE: K05) has announced a non-brokered private placement to raise gross proceeds of up to C$2 million. The financing will involve the issuance of up to 5,714,286 units at a price of C$0.35 per unit. Each unit consists of one common share and one common share purchase warrant, exercisable at C$0.60 for a period of 36 months following issuance.
The financing includes a C$500,000 lead order from Mr. Serafino Iacono, a prominent investor and executive in the Latin American mining sector, known for co-founding Gran Colombia Gold (now Aris Mining) and currently serving as Executive Chairman of Denarius Metals. Mr. Iacono’s involvement reflects investor interest in Quimbaya’s assets in Colombia’s Middle Cauca Belt, particularly the drill-ready Tahami South project.
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