Quimbaya Gold Inc. announced a a private placement of 2,977,941 units at a price of CAD 0.68 per unit for gross proceeds of up to CAD 2,024,999.88 on February 15, 2024. Each Unit will be comprised of one common share in the share capital of the Company and one common share purchase warrant. Each Warrant will entitle the holder thereof to purchase one common share in the share capital of the company at a price of CAD 0.68 per share at any time on the date that is three years from the date of the issuance of the units.

Any securities issued in connection with the Private Placement will be subject to a four-month hold period, in accordance with securities laws and the policies of the CSE, as applicable. The Private Placement is subject to CSE acceptance.