Q-Gold Resources Ltd. (TSXV:QGR) announced a non brokered private placement of 10,000,000 units at a price of CAD 0.06 per unit for gross proceeds of CAD 600,000 on March 19, 2013. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase an additional share of the company at an exercise price of CAD 0.10 per share for a period of 12 months from the date of issuance. Securities issued in the transaction are subject ... to a hold period of four months from the date of issuance. The company may pay finders' fee for the transaction. The transaction is subject to exchange approval. On April 26, 2013, the company has issued 4,416,666 units for CAD 265,000 in its first tranche to 12 placees. James Bruce Carruthers, Chief Executive Officer subscribed to 1,000,000 units, Robert Bryce subscribed to 1,000,000 units, and Eric A. Gavin, Chief Financial Officer subscribed to 350,000 units. The warrants will expire on April 26, 2014. The company has received approval from TSX Venture Exchange for the tranche. No finder fees were paid in connection with the closing of this tranche. The securities issued are subject to a hold period till August 27, 2013. The company will issue securities pursuant to exemption provided under Regulation D.
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Q-Gold Resources Ltd. (TSXV:QGR) announced a non brokered private placement of 3,000,000 units at a price of CAD 0.09 per unit for gross proceeds of CAD 270,000 on November 26, 2012. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase an additional share of the company at an exercise price of CAD 0.105 per share for a period of 24 months from the date of issuance. Securities issued in the transaction are ... subject to a hold period of four months from the date of issuance. The company may pay finders' fee for the transaction. The transaction is subject to exchange approval. On November 30, 2012, the company announced that it closed its first tranche. The company issued 2,223,334 units for gross proceeds of CAD 200,100. The warrants are exercisable till November 30, 2014. The company paid CAD 7,560 as finder's fee in cash and issued 105,000 share purchase warrants exercisable at CAD 0.105 per share for a period of two years. The finder's warrants are subject to the same acceleration clause as the unit warrants. The securities issued are subject to a hold period expiring March 31, 2013. On December 4, 2012, the company has received approval for its first tranche from TSX Venture Exchange. The deal saw participation from 13 placees and finder’s fee is paid to Global Securities Corporation.
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