Golden Queen Announces $10 Million Private Placement
Published : July 25, 2013
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Golden Queen Announces $10 Million Private Placement

VANCOUVER, July 25, 2013 /CNW/ - Golden Queen Mining Co. Ltd. (News - Market indicators) is pleased to announce that it has entered into agreements to issue convertible debentures for aggregate proceeds of C$10,000,000 (the "Placement"). The convertible debentures are unsecured, and bear interest at 2% per annum payable annually.  The principal amounts of the convertible debentures are convertible into shares of the company at a price of C$1.03 per share for a period of two years.  If the convertible debentures have not been converted by the holder prior to the maturity date, then the company may convert them at the lower of C$1.03 or the market price as at the maturity date.  The market price on the maturity date will be determined based on the volume weighted average price of the shares as traded on the Toronto Stock Exchange for the five trading days preceding the maturity date.  A total of C$7,500,000 of the offering has been subscribed for by an investment vehicle managed by Thomas M. Clay, a Director and insider of the Company.

The proceeds of the offering are allocated exclusively to the advancement of the company's Soledad Mountain Project, including towards funding initial project construction requirements that are currently ongoing.

No finder's fees or commissions will be paid in connection with the Placement. Closing of the sale of the convertible debentures is subject to the approval of the Toronto Stock Exchange.  In addition, if the conversion of the convertible debentures would result in the issuance of greater than 10% of the current number of issued shares of the company to an insider, then the company will seek shareholder approval to the part of the conversion above the 10% threshold as prescribed under stock exchange rules.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.  The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws, or unless an exemption from such registration is available.

THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS PRESS RELEASE.

SOURCE Golden Queen Mining Co. Ltd.

For further information:

For further information regarding this news release please contact:

Lutz Klingmann, President
Telephone:  (604) 921-7570
email:  mintoexpl@telus.net

Golden Queen Mining

DEVELOPMENT STAGE
CODE : GQM.TO
ISIN : CA38115J1003
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Golden Queen is a gold development stage company based in Canada.

Golden Queen develops gold and silver in USA.

Its main asset in development is SOLEDAD in USA.

Golden Queen is listed in Canada and in United States of America. Its market capitalisation is CA$ 2.8 millions as of today (US$ 2.1 millions, € 1.8 millions).

Its stock quote reached its highest recent level on September 23, 2011 at CA$ 3.95, and its lowest recent point on July 25, 2019 at CA$ 0.02.

Golden Queen has 111 050 000 shares outstanding.

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Financings of Golden Queen Mining
12/31/2014secures loan financing
Nominations of Golden Queen Mining
5/31/2013Appoints New Board Members
Financials of Golden Queen Mining
8/10/2016Golden Queen Announces Financial Results for the Second Quar...
11/10/2014reports financial results for the third quarter of 2014
8/11/2014Announces Financial Results and Review of Operations for the...
3/17/2014reports year end results and provides a construction update
11/13/2013Files Financial Statements
2/18/2011 Quarterly Report
Project news of Golden Queen Mining
4/13/2015Golden Queen comments on a US Fish and Wildlife Service noti...
11/25/2014(Soledad)Company Ltd. provides update on the Soledad Mountain Project
9/15/2014(Soledad)announces closing of joint venture to develop and operate th...
6/9/2014(Soledad)announces joint venture to develop and operate the Soledad M...
10/25/2012(Soledad)Files Updated Feasibility Study Report for Soledad Mountain ...
4/8/2011(Soledad)ANNOUNCES UPDATED FEASIBILITY STUDY FOR SOLEDAD MOUNTAIN PRO...
Corporate news of Golden Queen Mining
7/25/2016Golden Queen Completes C$16.1 Million Bought Deal Financing
7/14/2016Golden Queen Announces C$13 Million Bought Deal Financing
7/13/2016Golden Queen Annouces Proposed C$13 Million Unit Financing
6/9/2016Golden Queen Provides A Project Update
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6/3/2016Golden Queen Announces Voting Results of Annual General Meet...
5/10/2016Golden Queen Announces Financial Results for the First Quart...
2/1/2016A Look Inside the Chart, Technical Insights - Analyst Notes ...
1/21/2016Direction of Market Influences -- Featured Research on Salee...
1/14/2016Today's Market Driven by Key Factors - New Research on Trans...
1/5/2016Golden Queen Begins Commissioning of Processing Facility and...
1/4/2016Golden Queen Begins Commissioning of Processing Facility and...
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8/13/201510-Q for Golden Queen Mining Co. Ltd.
8/13/201510-Q for Golden Queen Mining Co. Ltd.
8/10/2015Golden Queen Announces Senior Management Changes And Reports...
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5/14/201510-Q for Golden Queen Mining Co. Ltd.
5/14/201510-Q for Golden Queen Mining Co. Ltd.
5/5/201510-K for Golden Queen Mining Co. Ltd.
5/5/201510-K for Golden Queen Mining Co. Ltd.
4/13/2015Golden Queen Comments on a US Fish and Wildlife Service Noti...
3/16/2015Golden Queen Reports Financial Results for the Year Ending D...
3/16/2015Golden Queen reports financial results for the year ending D...
2/27/2015Golden Queen Mining Company Ltd. Announces Filing of NI 43-1...
2/27/2015Golden Queen Mining Company Ltd. Announces Filing of NI 43-1...
2/10/2015Company Ltd. provides update on resource estimates, reserve ...
1/1/2015Golden Queen Secures Loan Financing
12/3/2014CANADA STOCKS-TSX set to open lower ahead of Bank of Canada ...
11/26/2014Golden Queen Mining Company Ltd. Provides Update on The Sole...
11/11/2014Golden Queen Reports Financial Results for the Third Quarter...
9/9/2014Company Ltd. shareholders approve the joint venture with Gau...
7/31/2014announces date for Extraordinary Shareholder Meeting to appr...
7/31/2014announces date for Extraordinary Shareholder Meeting to appr...
7/2/2014(Soledad)secures an advance with Leucadia and Auvergne for the ongoin...
4/22/2014on the Center for Biological Diversity Emergency Petition
3/27/2014provides a construction update and updates its capital cost ...
2/3/2014Petition Filed with the United States Fish and Wildlife Serv...
1/6/2014(Soledad)secures interim financing for the ongoing development of its...
12/9/2013provides a construction update
10/8/2013Proposed Extraordinary General Meeting to Increase Authorize...
7/25/2013Announces $10 Million Private Placement
4/30/2013Appointment of Project and Construction Manager
9/11/2012Begins Trading on OTCQX International
5/17/2011(Soledad)ANNOUNCES FILING OF FEASIBILITY STUDY FOR SOLEDAD MOUNTAIN ...
1/21/2011 Financials
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