Quia Resources Announces Non-Brokered Private Placement of Up to $3,000,000
29 Novembre 2011 - 8:31PM
Marketwired
Quia Resources Inc. (TSX VENTURE:QIA) ("Quia" or the "Company") is
pleased to announce that it intends to complete an offering
("Offering") for aggregate gross proceeds of up to $3,000,000
consisting of up to 15,000,000 units ("Units") at a price of $0.20
per Unit.
Each Unit consists of one (1) common share of the Company (a
"Common Share") and one half (1/2) of one warrant ("Warrant"). Each
full Warrant entitles the holder to acquire one common share of the
Company at a price of $0.30 per Common Share for a period of 24
months from the closing date. The term of the Warrants is subject
to an acceleration right at the option of the Company, provided
that the common shares of the Company trade at or above $0.60 for a
full 20 consecutive trading days and the Company has provided
Warrant holders with 30 days prior written notice of the
accelerated Warrant exercise date.
Finders will be entitled to a cash commission in the amount of
7% ("Finder's Fee") of the gross proceeds received from the sale of
the Units, and Finder's Warrants ("Finder's Warrant") equal to 7%
of the Units issued pursuant to the Offering. Each Finder Warrant
will be exercisable into Units at a price of $0.20 ("Finder Warrant
Exercise Price") exercisable at any time until 24 months from the
Closing Date.
The proceeds of the Offering will be used to fund exploration at
the Company's San Lucas property in Colombia, pursue acquisitions
and for general working capital purposes.
About Quia Resources Inc.
Quia Resources is a gold exploration Company focused in Colombia
and its 100%-owned San Lucas property in the San Lucas gold belt.
The San Lucas gold belt is among the least explored and most
prospective gold belts in Colombia. Quia is an early-mover into
this belt and has established a key property position and a strong
base of technical knowledge in the area.
Iain Kelso, P. Geo., is the Qualified Person for the information
contained in this press release and is a Qualified Person within
the terms defined by National Instrument 43-101.
Forward-Looking Statements
This press release contains or refers to forward-looking
information, including statements regarding exploration results,
potential mineralization, exploration plans and timing of the
commencement of drilling, and is based on current expectations that
involve a number of business risks and uncertainties. Factors that
could cause actual results to differ materially from any
forward-looking statement include, but are not limited to, delays
in obtaining or failures to obtain required governmental,
environmental or other project approvals, political risks,
uncertainties relating to the availability and costs of financing
needed in the future, changes in equity markets, inflation, changes
in exchange rates, fluctuations in commodity prices, delays in the
development of projects and the other risks involved in the mineral
exploration and development industry. Forward-looking statements
are subject to significant risks and uncertainties, and other
factors that could cause actual results to differ materially from
expected results. Readers should not place undue reliance on
forward-looking statements. These forward-looking statements are
made as of the date hereof and the Company assumes no
responsibility to update them or revise them to reflect new events
or circumstances other than as required by law.
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.
Contacts: Quia Resources Inc. Yannis Banks Chief Executive
Officer (416) 777-6169ybanks@quiaresources.com Quia Resources Inc.
Andreas Curkovic Investor Relations (416) 577-9927
Quia Resources Inc. (TSXV:QIA)
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