Upcoming drill program at Jake Project follows recent discovery at Maestro Project
Quartz Mountain Resources Ltd. is pleased to announce that it has closed the $3.255 million private placement announced on May 6, 2024, through the issuance of 9,300,000 treasury common shares at $0.35 each. A key new investor, The Sutton Group Inc. , has subscribed for 6,000,000 of the shares and will become an insider of Quartz. Of the total 9,300,000 shares, 3,300,000 will be flow-through shares to be issued to Robert Dickinson, the Chairman. Quartz intends to use the proceeds of the FT Shares for exploration of its 100% owned Jake and Maestro Projects in British Columbia , while the proceeds of the non-FT Shares will be used for general working capital. All the securities have a 4-month hol...