Questcap arranges $2-million private placement
Questcap arranges $2-million private placement
2020-02-20 18:05 MT - News Release
Mr. Aaron Atin reports
QUESTCAP ANNOUNCES PRIVATE PLACEMENT FINANCING OF UP TO $2 MILLION
Questcap Inc. intends to complete a non-brokered private placement financing of up to 20 million common shares at a price of 10 cents per common share for gross proceeds of up to $2-million.
All common shares issued in connection with the offering will be subject to a statutory hold period of four months and one day. Completion of the offering is subject to a number of conditions. The company may pay a finder's fee to one or more brokers in connection with the offering. The company intends to use the net proceeds of the offering for pursuing investment opportunities and general corporate purposes. The offering is expected to close on or about March 6, 2020.
Finders' fees may be paid to eligible finders in accordance with the policies of the Canadian Securities Exchange, consisting of a cash commission equal to up to 10 per cent of the gross proceeds raised under the offering.
About Questcap Inc.
Questcap is an investment company that seeks to enhance shareholder value over the long term by opportunistically making various investments that may include, without limitation, the acquisition of equity, debt or other securities of publicly traded or private companies or other entities, financing in exchange for predetermined royalties or distributions, and the acquisition of all or part of one or more businesses, portfolios or other assets.