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$QRC.TO

2 stories mentioning QRC.TOUpdated 43d ago

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Mining & Metals

Queen's Road Capital Up 3.4% As Completes Upsized C$33.8M Private Placement

Queen's Road Capital Investment (QRC.TO) completed its upsized private placement for gross proceeds of C$33.8 million, the company said on Friday.This comes after the placement was upsized to more than 2.18 million shares at a price of C$15.50 each, it added.Proceeds will be used to fund additional investments in accordance with the company's investment policy, said the company."Queen's Road Capital welcomes several new shareholders to our register including two major Canadian institutional investors, one U.K.-based major institution and two Hong Kong-based family offices," said Warren Gilman, Chairman and Chief Executive Officer.Price: $15.94, Change: $+0.53, Percent Change: +3.44%

$QRC.TO
Mining & Metals

Queen's Road Capital Raising $23 Million in a Private Placement of Shares

Queen's Road Capital Investment (QRC.TO) on Wednesday said it will raise up to $23 million from a non-brokered private placement of shares.The company said it will look to place 1.48-million shares priced at $15.50 each..Proceeds will be used to fund additional investments "in accordance with the company's investment policy"."This private placement gives us the opportunity to welcome new long-term, supportive institutional shareholders to our register as we embark on the next growth phase of QRC," said chief executive Warren Gilman. "The added diversification of our shareholder base should result in an increase in the liquidity of the shares which will benefit all shareholders."The company's shares last traded Tuesday, closing at $16.25 on the Toronto Stock Exchange.

$QRC.TO

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