| | Published : December 24th, 2010 | provides accelerated expiry notice to warrant holders. |
|
Article
|
Comments
|
Comment this article
|
Rating
|
♥
Follow Company
|
|
Re: News Releases - Friday, December 24, 2010 Title: GoldQuest provides accelerated expiry notice to warrant holders.
Vancouver, B.C., December 24, 2010 - GoldQuest Mining Corp. (the "Company") advises that it will issue on December 24, 2010 early expiry notices to the holders of approximately 9,465,400 share purchase warrants (the "Warrants") which were purchased and issued pursuant to a unit private placement which was completed in April 2010 (the "Closing Date"). The Warrants are exercisable to purchase one common share per warrant at a price of $0.20 per share.
The Warrants contain a provision whereby if the weighted average trading price of the Company's common shares for 10 consecutive trading days between the date that is four months following the Closing Date and the expiry date of the warrants exceeds $0.35 on each of those consecutive days, the Company may give notice in writing (the "Early Expiry Notice") to the Warrant holder within 30 days of such an occurrence that the Warrants shall expire at 4:00 p.m. (Vancouver time) on the 30th day following the giving of such Early Expiry Notice, which will be January 24, 2011 (the "Early Expiry Date"), unless exercised by the Warrant holder prior to the Early Expiry Date. The Company's common shares have now traded at a weighted average price of greater than $0.35 for 10 consecutive days. Any Warrants remaining unexercised after the Early Expiry Date will be cancelled and will be of no force or effect.
Although it is unknown how many of the Warrants will be exercised, in the event that all presently outstanding Warrants are exercised, the Company will receive approximately $1,893,080 which will be added to working capital.
The Company has received to date $257,000 from the exercise of 1,285,000 Warrants issued pursuant to the aforementioned private placement.
On behalf of the Board of Directors,
Anna Stylianides President & Chief Executive Officer
For further information please contact:
Dan Maarsman Jr. Investor Relations -- Vancouver, Canada Tel: +1-604-632-4333
www.goldquestcorp.com investorrelations@goldquestcorp.com
About GoldQuest
GoldQuest is a Vancouver-based exploration company with projects in the Dominican Republic and Spain, and is traded on the TSX-V under the symbol GQC.V and in Frankfurt / Berlin with symbol M1W. Dr. Stewart D. Redwood, PhD, FIMMM, Consulting Geologist for the Company, is a Qualified Person as defined by NI 43-101 and has supervised the preparation of the information used in this news release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Forward-looking statements:
This news release contains certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact, that address events or developments that GoldQuest expects to occur, are forward looking statements.
This news release contains "forward-looking information" that is based on the Company's expectations, estimates and projections as of the dates which those statements were made. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. All statements, other than statements of historical fact, included herein including, without limitation, statements about the exploration permit of the concession containing both La Escandalosa and Hondo Valle and exploration potential of the La Escandalosa property. Although GoldQuest believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration success, continued availability of capital and financing and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward looking statements are based on the beliefs, estimates and opinions of GoldQuest's management on the date the statements are made. GoldQuest undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
Copyright � 2010 GOLDQUEST MINING CORP. (GQC) All rights reserved. For more information visit our website at http://www.goldquestcorp.com/ or send email to investorrelations@goldquestcorp.com .. Message sent on Fri Dec 24, 2010 at 7:09:59 AM Pacific Time
|
Goldquest Mining Corp.
|
|
EXPLORATION STAGE |
CODE : GQC.V |
ISIN : CA38144C1005 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Goldquest Mining is a gold exploration company based in Canada. Goldquest Mining holds various exploration projects in Dominican Republic. Its main exploration properties are CERRO DORADO, PIEDRA IMÁN, JENGIBRE, LOS COMIOS, LAS TRES PALMAS / SAN JUAN, EL TORO, LOMA VIEJO PEDRO, SANTA ANA, LAS ANIMAS and LA ESCALANDOSA in Dominican Republic and TORAL in Spain. Goldquest Mining is listed in Canada and in Germany. Its market capitalisation is CA$ 37.8 millions as of today (US$ 27.5 millions, € 25.7 millions). Its stock quote reached its lowest recent point on May 18, 2012 at CA$ 0.04, and its highest recent level on August 24, 2012 at CA$ 2.03. Goldquest Mining has 215 730 000 shares outstanding. |
Financings of Goldquest Mining Corp. |
Option Grants of Goldquest Mining Corp. |
Nominations of Goldquest Mining Corp. |
Project news of Goldquest Mining Corp. |
|
Corporate news of Goldquest Mining Corp. |
7/28/2016 | GoldQuest To Commence at 10,000 Metre Drill Program in Augus... |
6/15/2016 | GoldQuest Provides Exploration Update on Tireo Project, Domi... |
6/9/2016 | GoldQuest Mining Closes $5.75 Million Bought Deal Private Pl... |
6/1/2016 | GoldQuest Engages Red Cloud as Investor Relations Representa... |
5/19/2016 | GoldQuest Mining Corp. Announces C$5 Million Bought Deal Fin... |
5/18/2016 | GoldQuest Issues Update on Pre-Feasibility Study for the Rom... |
5/17/2016 | GoldQuest Identifies Significant Gold Mineralization in Cach... |
5/5/2016 | GoldQuest Granted Additional Exploration License; Geophysica... |
4/12/2016 | GoldQuest Granted New Exploration License; Geophysical Anoma... |
4/1/2016 | GoldQuest Closes Private Placement |
12/15/2015 | GoldQuest Grants Incentive Stock Options |
10/14/2015 | GoldQuest Increases Proposed Private Placement to up to C$3.... |
10/5/2015 | GoldQuest Announces Proposed Private Placement of up to C$3.... |
10/1/2015 | GoldQuest Reports 43 Metres Grading 7.88 g/t Gold and 1.41% ... |
9/30/2015 | GoldQuest and Precipitate Sign Collaborative Exploration and... |
7/15/2015 | GoldQuest Granted Concession Near Romero Gold/Copper Project... |
4/13/2015 | GoldQuest Engages JDS Energy & Mining to Optimize PEA for th... |
4/13/2015 | Engages JDS Energy & Mining to Optimize PEA for the Romero P... |
3/31/2015 | Provides Assay Results from First Holes at Imperial and La B... |
2/19/2015 | to Attend BMO 2015 Global Metals & Mining Conference and PDA... |
2/19/2015 | GoldQuest Mining to Attend BMO 2015 Global Metals & Mining C... |
1/27/2015 | GoldQuest Commences 5,000 Metre Exploration Drill Program Su... |
1/27/2015 | GoldQuest Commences 5,000 Metre Exploration Drill Program Su... |
1/21/2015 | GoldQuest Grants Incentive Stock Options |
1/21/2015 | GoldQuest Grants Incentive Stock Options |
1/13/2015 | GoldQuest Granted Concession Near Its Romero Gold/Copper Pro... |
1/13/2015 | GoldQuest Granted Concession Near Its Romero Gold/Copper Pro... |
1/13/2015 | Granted Concession Near Its Romero Gold/Copper Project, Domi... |
1/12/2015 | GoldQuest Granted New Concessions Surrounding Its Romero Gol... |
1/6/2015 | GoldQuest Granted New Concessions Surrounding Its Romero Gol... |
11/20/2014 | GoldQuest: Exploration Update for Tireo Project, Dominican R... |
10/10/2014 | S&P Dow Jones Indices Announces Quarterly Review of S&P/TSX ... |
8/14/2014 | GoldQuest Increases Land Package by 21% Surrounding Its Rome... |
7/31/2014 | GoldQuest Releases Drill Results and Exploration Update at T... |
7/16/2014 | GoldQuest Files Preliminary Economic Assessment for Gold-Cop... |
5/27/2014 | GoldQuest Reports Positive Preliminary Economic Assessment f... |
5/14/2014 | GoldQuest Corporate Update |
4/1/2014 | Ceres Global Ag Corporation Appoints Chief Financial Officer |
10/29/2013 | Reports Maiden Resource Estimate from Romero and Update at R... |
10/2/2013 | Reports Romero Results from In-Fill Drilling and Provides Ex... |
8/21/2013 | Reports 47.0 m Grading 6.90 g/t Gold and 0.94 % Copper (Gold... |
7/9/2013 | Reports 34.0 m Grading 10.94 g/t Gold and 1.87% Copper (Gold... |
6/24/2013 | Reminder-GoldQuest Mining: Annual General Meeting |
6/24/2013 | Reminder-GoldQuest Mining: Annual General Meeting |
6/13/2013 | Reports 28.5 m Grading 10.1 g/t Gold (Uncut) at La Escandalo... |
5/16/2013 | Drilling Results at Las Tres Palmas, Dominican Republic. Com... |
4/12/2013 | Drill Results at Las Tres Palmas, Dominican Republic and Ext... |
3/27/2013 | Discovers New Geophysical Trend Two Kilometers from the Rome... |
3/11/2013 | Grants Incentive Stock Options |
2/22/2013 | Drilling Update at Las Tres Palmas, Dominican Republic |
2/11/2013 | Announces 30,000 Metre Drill Program at Romero and Along Las... |
1/17/2013 | Releases Drill Results at Las Tres Palmas, Dominican Republi... |
10/30/2012 | Releases Drilling Results From Romero, Dominican Republic; I... |
10/11/2012 | Expands Mineralization Footprint at Romero, Dominican Republ... |
9/25/2012 | Drill Results at Romero, Dominican Republic; Includes Deepes... |
9/11/2012 | ANNOUNCES ARRIVAL OF 700 METRE CAPABLE DRILL RIG AT ROMERO=2... |
8/20/2012 | Files Updated Technical Reports |
7/12/2012 | Deploys Second Drill Rig and Suggests Initial Interpretation |
6/12/2012 | Geophysical Report |
6/8/2012 | (TSX-V: GQC) announces that it has commenced its new drill p... |
6/8/2012 | Drill Program June=2FJuly 2012 |
5/2/2012 | GQC Press Release |
3/5/2012 | GQC Press Release |
12/16/2011 | GQC Press Release |
8/24/2011 | GQC Press Release |
7/19/2011 | Announces Granting of Lago Concession in Spain and Initiatio... |
7/13/2011 | Announces Results of the Annual Meeting of Shareholders |
6/8/2011 | Post Meeting Materials For The Annual Meeting Of Shareholder... |
6/6/2011 | Announces The Granting Of Loma Oculta Exploration Concession... |
4/19/2011 | Drilling Intercepts 36.5 Meters Grading 2.74 G/T Gold At La ... |
7/7/2010 | Drilling Intercepts 26 Metres Grading 11.4 g/t Gold And 53 M... |
6/2/2010 | Prospective Board and Chief Executive Changes and Schedules ... |
4/20/2010 | Favourable Legal Ruling in Spain |
4/12/2010 | Closes Second Tranche of Financing |
4/1/2010 | Closes First Tranche Of Financing |
1/15/2010 | Closing of Acquisition of Spanish Lead-Zinc-Silver Project |
11/18/2009 | Completes Transaction with Gold Fields |
8/14/2009 | Recieves Tsx Approval For Gold Fields Transaction |
8/6/2009 | Acquires 100% Interest In Dominican Portfolio |
7/7/2009 | Announces Board Changes |
12/24/2008 | And Gold Fields To Restructure Dominican Exploration Agreeme... |
9/16/2008 | Gold Fields Commences Drilling On Goldquest Projects |
8/13/2008 | Neil MacDonald Comments on Gold Quest |
3/5/2008 | New Gold Discovery In Dominican Republic And Update On Gold... |
3/23/2007 | SIGNS FORMAL AGREEMENT WITH GOLD FIELDS |
|
|