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THUNDER BAY, ONTARIO--(Marketwire - May 1, 2012) - QRS Capital Corp. ("QRS" or the "Company") (TSX VENTURE:QRS) announces the closing on April 30, 2012 of the first tranche of its previously announced non-brokered private placement (the "Private Placement") of units of the Company (the "Units") at a price of $0.40 per Unit. The first tranche represented 1,598,850 Units for aggregate gross proceeds of $639,540 (the "Offering"). Each Unit consisted 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 until April 29, 2014. |
