Quadro Resources Ltd. announced a private placement of up to 8,333,333 units at a price of CAD 0.06 per share for gross proceeds of CAD 500,000 and 7,142,857 flow-through units at a price of CAD 0.07 per share for gross proceeds of CAD 500,000, for aggregate gross proceeds of CAD 1,000,000 on November 30, 2021. Each unit consists of one common share of the company and one common share purchase warrant. Each warrant being exercisable for an additional common share of the company at a price of CAD 0.13 per share for a period of 12 months from closing. Each flow-through unit consists of one flow-through common share of the company and one half of one common share purchase warrant. Each warrant being exercisable for an additional common share of the company at a price of CAD 0.13 per share for a period of 12 months from closing. Finder's fees on the financing may be paid in accordance with TSX Venture Exchange policies. On December 1, 2021, the company announced that it has amended the exercise price of the warrants from CAD 0.13 to CAD 0.12.