Company sells 10 million shares at C$0.12 apiece in non-brokered deal
By Devika Patel
Knoxville, Tenn., Oct. 21 – Northquest Ltd. said it plans a C$1.2 million non-brokered private placement of stock.
The company will sell 10 million common shares at C$0.12 apiece, which is identical to the Oct. 20 closing share price.
Nord Gold NV may participate.
Northquest is a Toronto-based gold exploration company.
| Issuer: | Northquest Ltd.
|
| Issue: | Common stock
|
| Amount: | C$1.2 million
|
| Shares: | 10 million
|
| Price: | C$0.12
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Investor: | Nord Gold NV
|
| Pricing date: | Oct. 21
|
| Stock symbol: | TSX Venture: NQ
|
| Stock price: | C$0.12 at close Oct. 20
|
| Market capitalization: | C$5.2 million
|
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