Quadro Resources Ltd. announced a non-brokered private placement of up to 10,000,000 units at a price of CAD 0.05 for the gross proceeds of CAD 500,000 and 8,333,333 flow-through units at a price of CAD 0.06 for the gross proceeds of CAD 499,999.98; aggregate gross proceeds of CAD 999,999.98. on November 29, 2022. Each unit consisting of 1 common share of the Company and 1 common share purchase warrant.

Each unit warrant being exercisable for an additional common share of the Company at CAD 0.10 for 12 months from closing, and up to CAD 0.06 and consisting of 1 flow-through share and one half common share purchase warrant. Each full FT Unit Warrant being exercisable at CAD 0.12 for a common share of the Company for 12 months for the gross proceeds of up to a total of CAD 1,000,000. Finder's fees may be paid in accordance with TSX Venture Exchange policies.