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Gold/Mining/Energy : GoldQuest Mining Corp gqc.v
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From: aknahow10/31/2015 9:54:26 AM
1 Recommendation

Recommended By
LoneClone

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I of all people, missed this and when told it had happened thought the poster was in error. Am not in favor of a buyout by MUX but that side insist it is not going to happen.

Pursuant to the Private Placement, Evanachan Limited, a corporation wholly owned by Robert McEwen, has acquired 9,090,910 Units, bringing its holdings together with Mr. McEwen's holdings in the Company on a partly-diluted basis to over 10% of outstanding Common Shares and triggering early warning reporting requirements. Mr. McEwen is the Chairman and Chief Owner of McEwen Mining Inc. and is the founder and former Chairman & CEO of Goldcorp Inc.

The Company intends to use the net proceeds of the Private Placement to proceed with a NI 43-101 compliant pre-feasibility study on its Romero Project in the Dominican Republic, and for general working capital purposes. The
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