Vancouver, British Columbia, October 12, 2018 – Q Investments Ltd. (the “Company”) is pleased to announce a non-brokered private placement (the “Private Placement”) offering of up to 166,666,667 units (“Units”) at a price of $0.30 per Unit for gross proceeds of up to $50,000,000. Each Unit will consist of one common share and one-half of a common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder to purchase one additional common share of the Company at a price of $1.00 for two years following 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
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
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