By Sheri Kasprzak
New York, Jan. 6 - Q Investments Ltd. said it has arranged a non-brokered private placement for C$10.2 million.
The company plans to sell 8.5 million units at C$1.20 each.
The units are comprised of one share and one warrant. The warrants are exercisable at C$1.47 each.
Proceeds will be used for debt and equity investment opportunities and working capital.
Based in Vancouver, B.C., Q Investments makes loans to companies in the natural resources sector.
| Issuer: | Q Investments Ltd.
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| Issue: | Units of one share and one warrant
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| Amount: | C$10.2 million
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| Units: | 8.5 million
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| Price: | C$1.20
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| Warrants: | One warrant per unit
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| Warrant strike price: | C$1.47
|
| Placement agent: | Non-brokered
|
| Pricing date: | Jan. 6
|
| Stock price: | C$1.64 at close Jan. 6
|
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