Queen's Road Capital Investment Ltd. is pleased to announce that it has entered into an agreement with Los Andes Copper Ltd. whereby the Company will invest an additional US$4,000,000 in Los Andes by way of convertible debenture. The convertible debenture will have the same terms as the 2021 convertible debenture: a 5-year term, carry an 8.0% coupon and will be convertible into Los Andes common shares at a share price of [...]
Queen's Road Capital Investment Ltd. is pleased to announce that it has completed its previously announced private placement of 156,250,000 shares at a price of C$0.64 per share for gross proceeds of C$100 million. Proceeds from the private placement will be used to fund additional investments in accordance with the Company's investment policy. Finders' fees totaling C$208,480 were paid to arm's length third parties. The [...]
Queen's Road Capital Investment Ltd. is pleased to announce that it is undertaking a non-brokered private placement to raise up to C$100 million at a share price of C$0.64. Proceeds from the private placement will be used to fund additional investments in accordance with the Company's investment policy. The Company's six largest shareholders, representing 81.7% of the current shares outstanding, have agreed to participate [...]
IsoEnergy Ltd. has agreed to settle a portion of the interest payment due to Queen's Road Capital Investment Ltd. as at December 31, 2021. Pursuant to the unsecured convertible debenture dated August 18, 2020 between QRC and the Company , as at December 31, 2021, the Company will owe QRC interest in the amount of US$255,000 of which US$75,000 will be settled with the issuance of 23,076 common shares of the Company , at a [...]
Queen's Road Capital Investment Ltd. is pleased to announce that the Company's Board of Directors has approved the establishment of a share repurchase program . On November 19, 2021, Queen's Road Capital paid its inaugural dividend of C$0.015 per share to shareholders of record as at November 15, 2021. Payment of the dividend was made either in cash or in kind . An overwhelming majority of shareholders, representing 74 [...]
Queen's Road Capital Investment Ltd. is pleased to declare its maiden dividend of C$0.015/share payable on November 19, 2021 . The dividend is payable to all shareholders of record as at November 15, 2021 . Since its inception in February 2020, Queen's Road Capital's strategy has been to make cash generating, high-quality investments with the objective of paying out, as a dividend, excess interest income above the [...]
Queen's Road Capital Investment Ltd. is pleased to announce that it has completed its previously-announced C$21,000,000 investment in the initial public offering of Osisko Green Acquisition Ltd. , a newly organized special purpose acquisition corporation sponsored by a wholly-owned subsidiary of Osisko Mining Inc. Queen's Road Capital participated as an initial Funding Investor in Osisko Green, investing alongside the [...]
Queen's Road Capital Investment Ltd. is pleased to announce its intention to participate as an Initial Funding Investor in the Osisko Green Acquisition Ltd. initial public offering with a participation of approximately C$20 million. On July 13, 2021, Osisko Green filed its preliminary prospectus for an initial public offering of C$250 million. Osisko Green is a newly organized special purpose acquisition corporation with [...]
Queen's Road Capital Investment Ltd. is pleased to announce that it has completed its previously-announced US$5,000,000 investment in Los Andes Copper Ltd. . Queen's Road Capital now holds US$5,000,000 aggregate principal amount of unsecured convertible debentures. The debentures have a 5-year term and carry an 8.0% annual coupon, payable quarterly. The debentures are convertible at the Company's option into common shares [...]
Queen's Road Capital Investment Ltd. is pleased to announce that it has entered into an agreement with Los Andes Copper Ltd. whereby the Company will invest US$5,000,000 in Los Andes by way of convertible debenture. The convertible debenture will have a 5-year term, carry an 8.0% coupon and will be convertible into Los Andes common shares at a share price of C$10.82, being a 30% premium to the 20-day volume weighted [...]
IsoEnergy Ltd. is pleased to announce that it has closed the previously announced US$6 million private placement of an unsecured convertible debenture with Queen's Road Capital Investment Ltd. . Craig Parry, IsoEnergy's Chief Executive Officer, commented: "It is with great pleasure that we welcome Queen's Road Capital as a strategic investor of IsoEnergy and we look forward to working with Warren Gilman and his team as we [...]
Queen's Road Capital Investment Ltd. is pleased to announce that it has completed its US$30,000,000 investment in NexGen Energy Ltd. . As of today, Queen's Road Capital owns 11,960,017 shares in NexGen as well as US$15,000,000 aggregate principal amount of unsecured convertible debentures. The debentures have a 5-year term and carry a 7.5% coupon, payable every six months with two-thirds of the interest payable in cash [...]