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MetalQuest Mining Inc V.MQM

Alternate Symbol(s):  MQMIF

MetalQuest Mining Inc. is a Canada-based exploration stage company engaged in the acquisition, exploration, and development of mineral properties. The Company owns 100% of Lac Otelnuk Iron Ore Project, which is located in Quebec’s Labrador Trough and is approximately 165 km by air northwest of the Town of Schefferville, and 1200 km northeast of Montreal by air. It owns about 306 mining claims located in Nunavik, Quebec. The Company also owns 2.5 million units of Canadian Copper (CCI) and two NSR royalties totaling 1% in Murray Brook PEA Stage Zinc-Polymetallic Deposit, situated in the Bathurst Mining District, New Brunswick, Eastern Canada. It is further looking to develop one of the largest iron ore projects in North America. The Company is focusing its efforts on developing and growing its asset base. The Company also focuses on pursuing acquisitions globally.


TSXV:MQM - Post by User

Bullboard Posts
Post by djbon Jul 10, 2007 5:48pm
225 Views
Post# 13066512

Strong Group PP Closed

Strong Group PP ClosedThis is a good indicator of a strong group with promising prospects. The Private Placement is closed. The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced June 22, 2007. Number of shares: 6,015,000 shares Purchase price: 50 cents per share Warrants: 3,007,500 share purchase warrants to purchase 3,007,500 shares Warrant exercise price: 60 cents per share for an 18-month period Number of hidden placees: 29 placees Pro groups: Cliff Rich 110,000; Thomas Relling 150,000; Bernard Leroux 200,000; J.W. Mustard 40,000; 0783648 BC Ltd. (David Lyall) 500,000 Finders' fees: $7,000 cash payable to Blackmont Capital Inc.; $1,400 cash payable to Capital Street Group (David Taylor); $35,000 cash payable to Haywood Securities Inc.; $7,000 cash payable to Jones Gable & Company Ltd.; $35,000 cash payable to Coniston Investment Corp. (Paul Parisotto); $8,750 cash payable to Com-Advice.com AG (Rudy Brauer); $14,000 cash payable to Tom Kennedy
Bullboard Posts