Start of drilling getting closer
Canadian gold explorer Quimbaya Gold (CSE QIM / WKN A3DT3C) is exploring – primarily – the extremely promising Tahami project in Colombia. Vein structures have been identified there that extend from the neighboring Segovia project of neighbor Aris Mining, which is mining reserves that average 10.8 g/t gold! Quimbaya hopes to start its own drilling in the second quarter and is currently raising fresh capital for this purpose. And investor interest is high.
CEO Alexandre P. Boivin’s company has now announced that it has completed the third tranche of a preciously announced financing round. Quimbaya received a further CAD 940,740 through the issue of 3,135,800 units at CAD 0.30 each. However, this is not the end of the story. As the company announced, the volume of the placement has been increased to CAD 3 million (on the same terms) due to the high demand from investors. The current financing round is expected to be completed by February 21.
Working towards the next high-grade discovery in Colombia
CEO Alexandre P. Boivin is understandably very pleased about the interest shown by investors in his company and, above all, the potential for a high-grade gold discovery by the company in Colombia. Like presumably all shareholders, he is now eagerly awaiting the start of drilling in the coming months. After all, prior to the current financing round, the Quimbaya CEO alone held 38.3% (!) of the non-diluted outstanding shares…
A good first, more detailed overview of Quimbaya Gold can be found in the video interview linked below, which Goldinvest.de was recently able to conduct with Mr. P. Boivin:
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