Q: Happy new year Peter & Team
It was announced Wed QCC entered into a "letter of engagement with PI Financial as sole lead underwriter, pursuant to which PI has agreed to purchase for re-sale 7,142,858 units of the Company at a price of CAD$0.70 per Unit, for total gross proceeds of CAD$5,000,000. Each Unit consists of one common share and one common share purchase warrant . Each Warrant is exercisable into one common share (“Warrant Share”) at a price of CAD$0.83 per Warrant Share, for a period of 24 months following the closing date of the Offering"
What are your thoughts on this move and what effect it has on the Company moving forward?
Thanks for all you do
gm
It was announced Wed QCC entered into a "letter of engagement with PI Financial as sole lead underwriter, pursuant to which PI has agreed to purchase for re-sale 7,142,858 units of the Company at a price of CAD$0.70 per Unit, for total gross proceeds of CAD$5,000,000. Each Unit consists of one common share and one common share purchase warrant . Each Warrant is exercisable into one common share (“Warrant Share”) at a price of CAD$0.83 per Warrant Share, for a period of 24 months following the closing date of the Offering"
What are your thoughts on this move and what effect it has on the Company moving forward?
Thanks for all you do
gm