Q Investments Announces Private Placement Financing
VANCOUVER, British Columbia, Nov. 14, 2018 (GLOBE NEWSWIRE) -- Q Investments Ltd. (TSX.V: QI) (OTC: QILFF) (the “Company”) is pleased to announce a non-brokered private placement (the "Private Placement") offering of up to 166,666,666 units ("Units") at a price of $0.30 per Unit for gross proceeds of up to $50,000,000. Each Unit shall consist of one common share and one common share purchase warrant (a "Warrant"). Each Warrant shall entitle the holder thereof to purchase one additional common share of the Company at a price of $0.65 for a period of two years following the closing of the Private Placement.
The Company intends to use the net proceeds of the Private Placement to finance further investments by the Company pursuant to its investment mandate and general working capital.
Completion of the Private Placement remains subject to the approval of the TSX Venture Exchange. All securities issued pursuant to the Private Placement will be subject to a statutory four month hold period.
The Company may pay finder's fees in connection with the Private Placement.
ON BEHALF OF THE BOARD
John Martin
Director
For contact:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward Looking Statements
This news release contains certain forward-looking statements, Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or does not expect", "is expected", anticipates" or "does not anticipate" "plans", "estimates" or "intends" or stating that certain actions, events or results " may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements". Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements.
