Quimbaya Gold: Fueling Growth with Private Placement

Quimbaya Gold Inc. (CSE: QIM) has successfully closed the final tranche of its private placement, raising $651,500 through the issuance of 2,171,665 units at $0.30 per unit. This strategic move will enable the company to accelerate its next growth phase by investing in exploration and working capital.

The completion of this private placement has significantly bolstered Quimbaya Gold's financial position and liquidity, allowing the company to intensify its exploration efforts at its Tahami, Berrio, and Maitamac projects in Antioquia, Colombia. With the increased funds, Quimbaya Gold can now invest in advanced technology, efficiency, and partnerships to maximize the value of its mineral resources.

The company's long-term strategic goals include expanding its gold reserves through strategic exploration and the acquisition of mining properties in the mineral-rich landscapes of Antioquia, Colombia. The proceeds from the private placement will be used to fund these projects, which are part of the company's strategy to create value for its shareholders through new discoveries and strategic transactions, such as joint ventures and operational contracts.

Quimbaya Gold's management team, led by President and CEO Alexandre P. Boivin and director Pietro JL Solari, has demonstrated their confidence in the company's prospects by participating in the private placement. Their involvement reflects their belief in the company's growth potential and their commitment to its long-term success.

The company's focus on transparency, integrity, and industry standards builds trust with investors seeking sustainable opportunities. Through careful financial management and operational excellence, Quimbaya Gold aims to offer investors a rewarding and lasting experience.

In conclusion, Quimbaya Gold's successful private placement has positioned the company to accelerate its growth phase by investing in exploration and working capital. With the support of its management team and the confidence of its investors, Quimbaya Gold is well-equipped to execute its strategic plans and create value for its shareholders.