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| Home : QRS Capital Corp. Announces Changes to Previously Announced Non-Brokered Private Placement |
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Apr 26
2012 |
QRS Capital Corp. Announces Changes to Previously Announced Non-Brokered Private Placement |
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THUNDER BAY, ONTARIO--(Marketwire - April 26, 2012) - QRS Capital Corp. ("QRS" or the "Company") (TSX VENTURE:QRS) announces that, further to its press release dated April 2, 2012, in connection with its previously announced non-brokered private placement, QRS intends to issue up to 11,250,000 units (the "Units") to subscribers resident in Canada and certain offshore jurisdictions at a price of $0.40 per Unit (the "Offering"). Each Unit will consist of one common share and one half of one common share purchase warrant (each whole warrant, a "Warrant"). Each such Warrant will entitle the holder to purchase one common share of the Company at a price of $0.70 per common share for a period of 24 months from the closing date of the Offering. Securities issued under the Offering will be subject to a four month hold period which will expire four months from the date of closing. |
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| Source:http://www.marketwire.com/mw/release.do?id=1648921&sourceType=3 |
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