Alamos Gold raises stake in Q-Gold Resources to 16.96%
AGI•Alamos Gold increased its stake in Q-Gold Resources to 16.96%, holding 36,784,563 common shares after Q-Gold issued 22,859,861 shares to settle a Quartz Mountain acquisition milestone payment worth approximately CAD 4.43 million (USD 3.15 million).
1. Milestone payment shares
Q-Gold Resources issued 22,859,861 common shares to Alamos Gold at CAD 0.1937 per share to settle the first Quartz Mountain acquisition milestone payment. The issuance brought Alamos Gold’s holding to 36,784,563 shares, or 16.96% of Q-Gold.
2. Share restriction
The shares are subject to a statutory hold period expiring February 23, 2027.
