|
TORONTO, ONTARIO--(Marketwire - Sept. 13, 2011) - QUEENSTON MINING INC. (TSX:QMI)(FRANKFURT:QMI) ("the Company" or "Queenston") announced today that it has entered into an agreement with Primary Capital Inc., as lead agent and including Dundee Securities Ltd., Stifel Nicolaus Canada Inc. and Stonecap Securities (collectively, the "Agents") in connection with the offering of 3 million "flow-through shares" of Queenston at a price of $7.50 per share for gross proceeds of $22,500,000. The financing is on a private placement guaranteed basis and there is an option to increase the offering by up to 333,333 flow-through shares ($2,500,000). The Flow-Through shares will be offered by way of private placement to accredited investors in the Province of Ontario. |
