Quia Resources Announces Closing of First Tranche of Private Placement and Plan for Second Tranche Concurrent with Debt Settlement

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Oct 27 2012	Quia Resources Announces Closing of First Tranche of Private Placement and Plan for Second Tranche Concurrent with Debt Settlement
TORONTO, ONTARIO--(Marketwire - Oct. 26, 2012) - Quia Resources Inc. (TSX VENTURE:QIA) ("Quia" or the "Company") announced today that it closed the first tranche of a non-brokered private placement (the "Offering") consisting of 5,200,661 units ("Units") for aggregate gross proceeds of $260,033.05. In addition, as part of the Offering, the Company plans to issue Units for certain debt amounting to $332,077.30 subject to conditional approval by the TSXV. Concurrently with the closing of the debt settlement, the company plans to close a further tranche of the private placement including additional cash subscriptions it has received.


Source:http://www.marketwire.com/mw/release.do?id=1718541&sourceType=3

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