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QMX Gold nets C$6.4M via oversubscribed placement

QMX Gold Corp. said Oct. 5 that it raised about C$6.4 million through an oversubscribed bought-deal private placement.

The company issued 9,019,800 units at 26 Canadian cents each and 13,124,900 flow-through common shares at 31 cents apiece.

The proceeds will be used to fund the company's exploration activities in Quebec and for general working capital.