Vancouver, British Columbia — December 18, 2025 — Leads & Copy —
GoldQuest Mining Corp. (TSXV: GQC) (OTCQX: GDQMF) announced its intention to increase the size of its previously announced non-brokered private placement due to significant interest. The Private Placement will now consist of up to 34,710,743 units at $1.21 per Unit, for gross proceeds of up to approximately $42 million.
Each unit includes one common share and one-half of one common share purchase warrant. Each whole warrant can be used to purchase one common share at $1.80 per share for 24 months from the applicable closing of the Private Placement.
The Private Placement is expected to close in tranches on or before January 9, 2026, pending formal documentation and regulatory approvals, including approval of the TSX Venture Exchange.
The company plans to use the proceeds for early development activities at the Romero project, greenfield exploration drilling expansion, and general corporate purposes.
According to the company, certain insiders of GoldQuest will subscribe for Units in the Private Placement. The issuance of Units will be considered related party transactions within the meaning of TSXV Policy 5.9 and Multilateral Instrument 61-101. The Company intends to rely on exemptions from the formal valuation and minority approval requirements contained in Sections 5.5(b) and 5.7(1)(a) of MI 61-101 regarding insider participation.
As consideration for services, GoldQuest will pay a finder’s fee to eligible finders who introduced subscribers to the offering, including Paradigm Capital Inc.
Shares and warrants issued under the Private Placement will be subject to a four-month statutory hold period, as applicable under Canadian securities laws.
GoldQuest Mining Corp. is a Canadian exploration and development company focused on advancing its gold and copper assets in the Dominican Republic, with participation from Dominican investors. The company says it has a board of directors and management team experienced in developing and operating a mine in the country.
Luis Santana, CEO of GoldQuest Mining Corp., said the company is encouraged by the continued support and trust of large Dominican institutional investors. He added that their long-term participation reflects confidence in the Romero project and the company’s approach to advancing it. Santana noted that the strong demand reinforces institutional acceptance of their strategy and provides additional confidence as they move forward. He believes the convergence of Dominican institutional investors and international capital markets participants creates a uniquely strong and well-aligned shareholder base, which the company views as critical as they advance permitting, fund development, and move Romero toward construction.
Luis Santana, Chief Executive Officer
1 (809) 224-0629
lsantana@goldquestcorp.com
Source: GoldQuest Mining Corp.
