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Quantum Closes $6.5 Million Financing Led by MGI Securities
Nov. 08, 2010 03:37PM PST
Rare Earth InvestingQuantum Rare Earth Developments Corp. (CVE:QRE) announces that it has closed a private placement with MGI Securities Inc. for gross proceeds of $6,419,023.
Quantum Rare Earth Developments Corp. (TSXV:QRE) announces that it has closed a private placement with MGI Securities Inc. for gross proceeds of $6,419,023.
The press release is quoted as saying:
The combined total sales of $6,501,561 consisted of 8,337,000 flow-through units at $0.30 per unit (“FT Units”), 8,000,000 non flow-through units at $0.25 per unit ($0.25 NFT Units”), and 6,453,100 non flow-through units at $0.31 per unit (“$0.31 NFT Units”).
Click here to access the entire press release.
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