- Great Quest Fertilizer Ltd (GQ) has announced a non-brokered private placement for gross proceeds of up to $1.5 million
- The company will issue up to 30,000,000 units priced at $0.05 per unit
- Net proceeds will be used for general working capital
- Great Quest is a Canadian agribusiness company
- Great Quest Fertilizer Ltd. (GQ) opened trading at C$0.045 per share
Great Quest Fertilizer Ltd (GQ) has announced a non-brokered private placement for gross proceeds of up to $1.5 million.
The offering will consist of up to 30,000,000 units priced at $0.05 per unit. Each unit shall consist of one common share and one common share purchase warrant.
Each warrant shall entitle the holder to purchase one common share at a price of $0.10 for a period of two years following the closing date. The company reserves the right to accelerate the expiry date of the warrants.
All of the securities issued pursuant to the Private Placement will be subject to a four-month hold period from the date of issue.
Net proceeds will be used for general working capital.
The company may pay finder’s fees in accordance with the rules and policies of the TSXV.
Great Quest is a Canadian agribusiness company focused on the development of African agricultural mineral projects for local production of farm-ready fertilizers.
Great Quest Fertilizer Ltd. (GQ) opened trading at C$0.045 per share.