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    Silver Quest Closes $8 Million Private Placement

    Investing News Network
    Aug. 30, 2010 12:11PM PST
    Silver Investing

    Silver Quest Resources Ltd. (CVE:SQI) announced that it has closed its brokered private placement for gross proceeds of $8 million.

    Silver Quest Resources Ltd. (TSXV:SQI) announced that it has closed its brokered private placement for gross proceeds of $8 million.

    The press release is quoted as saying:

    BayFront Capital Partners Ltd. acted as Agent for the Offering and received a cash commission of 7% of the aggregate gross proceeds of FT Shares and Units sold by the Agent under the Offering, together with a corporate finance fee of $56,500 and 605,669 broker units (“Broker Units”) representing 6% of the total number of FT Shares and Units sold by the Agent under the Offering.

    Click here to access the entire press release

    tsxv:sqiprivate placement
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