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Image source: © 2025 Krish Capital Pty.Ltd
Highlights
• Raised CAD4,033,854 through upsized non-brokered private placement at CAD0.35 per unit
• Warrants attached to units are exercisable at CAD0.60 per share until July 2028
• Sebastian Wahl appointed as Vice President, Business Development
Quimbaya Gold Inc. (CSE: QIM) has completed an upsized non-brokered private placement, raising CAD4,033,854 through the issuance of 11,525,299 units at CAD0.35 per unit. Each unit consists of one common share and one common share purchase warrant, with each warrant exercisable at CAD0.60 per share for a period of 36 months, expiring July 4, 2028.
According to the company, the financing was driven by a single cornerstone investor with a history of involvement in South American exploration. The proceeds will fund drilling and exploration at the Tahami South project, as well as follow-up work on regional copper-gold and gold targets in Colombia. The company stated it is now fully funded into 2026.
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