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Great Quest Gold Ltd V.GQ

Alternate Symbol(s):  GQMLF

Great Quest Gold Ltd, formerly Great Quest Fertilizer Ltd, is a Canadian mineral exploration company. The Company is focused on the development of African gold projects in Namibia with exposure in Morocco and Mali. The Company’s principal business activities are the exploration and development of exploration and evaluation properties located in Mali, West Africa. The Company’s flagship asset is the Sanoukou Gold Project, encompassing 24 square kilometers (km2) located in the Kayes region in the West of Mali, and developing the Tilemsi Phosphate Project, a 1,206 square kilometer parcel in northeastern Mali, containing high quality phosphate resources amenable to use as direct application fertilizer. The Tilemsi phosphate project is composed of three concessions: Tilemsi, Tarkint Est and Ader Foul.


TSXV:GQ - Post by User

Post by Dantheman24on Jan 25, 2021 5:40pm
316 Views
Post# 32379159

Dm from Jed!

Dm from Jed!

Here is the message I got from Jed:

"we looked clear for reopening at the end of December but the exchange has questioned two items. The purchase of Bruce McKean's shares and the issuance of options to Akon Legacy Ventures. The hold up has been canceling the shares from Bruce.

 

We are limited to canceling only 5% of the outstanding in a given year, we received 5.4M shs in exchange for selling him our option on the cashew business. We have proposed to the exchange we do the cancellation in tranches one this year and the rest next. We are waiting for their approval of the plan, alongside approval for an update release".

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