SRQ Resources Inc.: Announcing a C$2.37 Million Private Placement
Montreal, Quebec, March 19, 2025 – SRQ Resources Inc. (TSXV: SRQ) (“SRQ” or the “Company”), an emerging mining exploration company, is thrilled to share exciting news with its stakeholders and the investment community. The Company has announced a fully committed non-brokered private placement (the “Offering”) to raise gross proceeds of C$2,371,392.
Details of the Offering
The Offering consists of two tranches:
- The first tranche, totaling C$1,440,000, is made up of 7,200,000 Common Shares at a price of C$0.20 per Common Share.
- The second tranche, totaling C$931,392, is made up of 4,903,399 Common Shares at a price of C$0.19 per Common Share.
These Common Shares will be issued on a “flow-through” basis under the Income Tax Act (Canada), which allows the purchasers to receive a tax deduction on a portion of their investment.
Impact on SRQ Resources
The successful completion of this private placement will significantly strengthen SRQ’s financial position, enabling the Company to:
- Advance its exploration projects more aggressively.
- Expand its geological team and drill program.
- Pursue potential acquisitions and partnerships.
With this newfound financial support, SRQ is poised to make substantial progress towards its goals and create value for its shareholders.
Global Implications
SRQ Resources’ announcement of a C$2.37 million private placement represents a positive development for the mining industry as a whole. This investment demonstrates investor confidence in the Company’s potential and the sector’s ability to generate attractive returns:
- Encouraging exploration and development of new mining projects.
- Supporting the growth of companies in the sector.
- Contributing to the overall economic growth and job creation in mining regions.
Conclusion
SRQ Resources’ C$2.37 million non-brokered private placement is an encouraging sign for the mining sector and its investors. With this significant investment, SRQ will be able to accelerate its exploration efforts and potentially unlock new discoveries, adding value for its shareholders and contributing to the global mining industry’s growth.
As a responsible and forward-thinking mining company, SRQ remains committed to sustainable exploration practices and creating long-term value for its stakeholders. Stay tuned for updates on the Company’s progress and achievements.
