By Devika Patel
Knoxville, Tenn., Oct. 9 - QGX Ltd. announced it completed a C$3 million tranche of a C$20.75 million private placement of shares.
The company sold 722,892 common shares at C$4.15 apiece to JUST Group Industries. It will sell a total of 5,000,000 shares at that price.
JUST Group has an extension until Oct. 25 to complete the remaining balance of the deal.
Proceeds will be used for development.
QGX is a mineral exploration company based in Waterdown, Ont.
| Issuer: | QGX Ltd.
|
| Issue: | Class A voting common shares
|
| Amount: | C$20.75 million (total); C$3 million (first tranche)
|
| Shares: | 5,000,000 (total); 722,892 (first tranche)
|
| Price: | C$4.15
|
| Warrants: | No
|
| Investor: | JUST Group Industries
|
| Pricing date: | July 24
|
| Settlement date: | Oct. 9 (first tranche); Oct. 25 (second tranche)
|
| Stock symbol: | Toronto: QGX
|
| Stock price: | C$3.84 at close July 24
|
© 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.
