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| Home : Quia Resources Announces Non-Brokered Private Placement of Up to $3,000,000 |
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Nov 29
2011 |
Quia Resources Announces Non-Brokered Private Placement of Up to $3,000,000 |
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TORONTO, ONTARIO--(Marketwire - Nov. 29, 2011) - Quia Resources Inc. (TSX VENTURE:QIA) ("Quia" or the "Company") is pleased to announce that it intends to complete an offering ("Offering") for aggregate gross proceeds of up to $3,000,000 consisting of up to 15,000,000 units ("Units") at a price of $0.20 per Unit.
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 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=1592489&sourceType=3 |
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