| Home : March 2015 : March 10, 2015 News : Quest Rare Minerals Issues $2.25 Million Secured Convertible Debenture |
Quest Rare Minerals Issues $2.25 Million Secured Convertible Debenture |
March 10, 2015
TORONTO, ONTARIO--(Marketwired - March 9, 2015) - Quest Rare Minerals Ltd. (TSX:QRM) ("Quest") is pleased to announce that it has completed a first tranche of its previously-announced private placement by issuing a 7% secured convertible debenture in a principal amount of $2.25 million (the "Debenture") to 2455440 Ontario Inc., a corporation affiliated with Ekagrata Inc. ("Ekagrata"), a Canadian private investor. Quest also issued 2,250,000 warrants to 2455440 Ontario Inc., each of which entitles the holder to acquire one common share of Quest at a price of $0.15 for four years.
http://www.marketwired.com/mw/release.do?id=1998752&sourceType=3
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