GREY:QNMNF - Post by User
Post by
GoldMan22on Nov 08, 2010 11:48am
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Post# 17673781
QMI is the next Osisko!!!!!!!!!!!!!!
QMI is the next Osisko!!!!!!!!!!!!!!
Queenston Announces $20 Million Financing
https://www.marketwatch.com/story/queenston-announces-20-million-financing-2010-11-08-1130370?reflink=MW_news_stmp
TORONTO, ONTARIO, Nov 08, 2010 (MARKETWIRE viaCOMTEX) -- QUEENSTON MINING INC. /quotes/comstock)(frankfurt:QMI)(stuttgart:QMI) ("the Company" or "Queenston") announcedtoday that it has entered into an agreement with Primary Capital Inc., as leadagent and including Dundee Securities Corporation, Cormark Securities Inc., GMPSecurities L.P., and Macquarie Capital Markets Canada Ltd (collectively, the"Agents") in connection with the offering of 3 million "flow-through shares" ofQueenston at a price of $6.70 per share for gross proceeds of $20,100,000. Thefinancing is on a private placement guaranteed basis and represents a 20%premium to the VWAP (volume-weighted average price) of the Company over the last5 trading days. The Flow-Through shares will be offered by way of privateplacement to accredited investors in the Province of Ontario.