Quartz Mountain Resources Raises CA$1.7 Million Via Private Placement

MT newswire2026/10/16 13:04

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09:04 AM EDT, 10/16/2026 (MT Newswires) -- Quartz Mountain Resources (QZM.V) closed the private placement of around 4.2 million units raising gross proceeds of CA$1.7 million, it said Friday. The company said 1.5 million FT units were issued to its Chairman Robert Dickinson, and his associates, while 1.5 million units were issued to The Sutton Group Inc, an insider of the company. The company plans to use the net proceeds of the FT units for exploration of its portfolio of British Columbia gold-silver-copper projects, it said. The proceeds of the non-FT units will be used for exploration of its portfolio of British Columbia gold-silver-copper projects and for general working capital purposes, it added. The offering's completion is subject to final approval of the TSX Venture Exchange, said Quartz Mountain Resources.

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华尔街见闻•2026/11/09 22:12