On September 13, 2024 at 7:00 AM EDT, a leading investment company, known as Queen’s Road Capital Investment Ltd. announced that it is conducting a fully subscribed non-brokered private placement of 21,428,571 common shares at a share price of C$0.70, resulting in total proceeds of C$15,000,000. The funds from this private placement will be utilized to enhance the company’s working capital.
The closing of this private placement is pending approval from the Toronto Stock Exchange (TSX), which is anticipated to be received soon. Further details regarding the closing of the placement will be provided in a subsequent news release.
Queen’s Road Capital Investment Ltd. is a dividend-paying investment company with a focus on the global resource sector. The company strategically invests in privately held and publicly traded companies, holding securities for long-term capital appreciation. Their investment focus lies on convertible debt securities and resource projects in politically stable jurisdictions.
It is important to note that certain statements in this news release are forward-looking and are subject to risks, uncertainties, and other factors that may cause actual results to differ from those expressed or implied. Readers are advised to conduct their own independent evaluation before making any investment decisions. The company disclaims any obligation to update or revise forward-looking statements.
For more information, please refer to the original press release at the following link: Link to the press release
