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| Home : Quia Resources Announces Closing of Private Placement |
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Jan 10
2012 |
Quia Resources Announces Closing of Private Placement |
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TORONTO, ONTARIO--(Marketwire - Jan. 9, 2012) - Quia Resources Inc. (TSX VENTURE:QIA) ("Quia" or the "Company") announced today that it closed on January 6, 2012 a non-brokered private placement (the "Offering") consisting of 23,333,334 units ("Units") for aggregate gross proceeds of $3,500,000.
Each Unit consists of one (1) common share of the Company (a "Common Share") and one half (1/2) of one warrant ("Warrant"). Each full Warrant entitles the holder to acquire one common share of the Company at a price of $0.30 per Common Share for a period of 24 months from the closing date. The term of the Warrants is subject to an acceleration right at the option of the Company, provided that the common shares of the Company trade at or above $0.60 for a full 20 consecutive trading days after May 7, 2012 and the Company has provided Warrant holders with 30 days prior written notice of the accelerated Warrant exercise date. |
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| Source:http://www.marketwire.com/mw/release.do?id=1604646&sourceType=3 |
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