Company sells 3.1 million units at C$0.65 apiece in non-brokered deal
By Devika Patel
Knoxville, Tenn., April 7 - QRS Capital Corp. said it arranged a C$2.02 million non-brokered private placement of units.
The company will sell 3.1 million units of one common share and one half-share warrant at C$0.65 each. The whole warrants are each exercisable at C$0.80 for two years. The warrant strike price is a 1.27% premium to the April 6 closing share price of C$0.79.
Proceeds will be used for mineral exploration and general working capital purposes.
The capital pool company is based in Thunder Bay, Ont.
| Issuer: | QRS Capital Corp.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$2,015,000
|
| Units: | 3.1 million
|
| Price: | C$0.65
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.80
|
| Pricing date: | April 7
|
| Stock symbol: | TSX Venture: QRS
|
| Stock price: | C$0.79 at close April 6
|
| Market capitalization: | C$11.22 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
