Q-Gold Revises Private Placement Terms
29 Août 2012 - 3:00PM
PR Newswire (Canada)
VANCOUVER, Aug. 29, 2012 /CNW/ - Q-Gold Resources Ltd. (the
"Company") (http://www.qgoldresources.com) is pleased to announce
that it has revised its previously proposed private placement
announced on August 2, 2012, and now intends to complete a
non-brokered private placement for aggregate gross proceeds of up
to $ 800,000 the "Offering"), consisting of 10,000,000 Units (each
a "Unit") at a price of $0.08 per Unit (previously $0.12 per
Unit). Each Unit will consist of one common share and one
common share purchase warrant (the "Warrant"), entitling the holder
to acquire one additional common share at an exercise price of
$0.12 (previously $0.16) for a period of 24 months from issuance.
The Company no longer intends to pursue the "flow-through"
component of the private placement previously announced in its
August 2, 2012 news release. All securities issued in connection
with the Offering will be subject to a four month restriction from
resale as stipulated under applicable securities legislation and
the TSX Venture Exchange (the "Exchange"). A finder's fee may be
payable in relation to the proposed private placement in line with
the policies of the Exchange. The Offering is subject to Exchange
approval. Proceeds from the Offering will be used by Q-Gold for
continued exploration in the Company's historic (19(th) Century)
gold and silver camps at Mine Centre, Ontario and Crown King,
Arizona and for general corporate purposes. About Q-Gold Resources
Ltd. Q-Gold is a Canadian-based mineral exploration company
currently exploring for precious and base metals on its Ontario and
Arizona properties. Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release. Q-Gold Resources Ltd.
CONTACT: J. Bruce Carruthers II, Chairman at 1-888-779-0166or
info@qgoldresources.com,Website: http://www.qgoldresources.com
Copyright
Q Gold Resources (TSXV:QGR)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Q Gold Resources (TSXV:QGR)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024