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Queen's Road Capital Announces Completion of IsoEnergy Investment
Hong Kong, Hong Kong--(Newsfile Corp. - August 19, 2020) - Queen's Road Capital Investment Lt...
About this update from Queen's Road Capital Investment Ltd.
[{"type":"text","content":"Queen's Road Capital Announces Completion of IsoEnergy InvestmentHong Kong, Hong Kong--(Newsfile Corp. - August 19, 2020) - Queen's Road Capital Investment Ltd. (TSXV: QRC) (the \"Company\" or \"Queen's Road Capital\") is pleased to announce that it has completed its US$6,000,000 investment in IsoEnergy Ltd. (\"IsoEnergy\").As of today, Queen's Road Capital owns 219,689 shares in IsoEnergy as well as US$6,000,000 aggregate principal amount of unsecured convertible debentures. The debentures have a 5-year term and carry a 8.5% coupon, payable every six months with 6.0% of the interest payable in cash and 2.5% of the interest payable in shares of IsoEnergy. The debentures are convertible at the Company's option into common shares of IsoEnergy at a conversion price of $0.88.Queen's Road Capital remains well financed with approximately US$25 million of liquidity available for immediate investment.Queen's Road Capital is a leading financier to the global resource sector. The Company is a resource focused investment company, making investments in privately held and publicly traded resource companies. It is intended that the Company will acquire and hold securities for both long-term capital appreciation and short-term gains, with a focus on convertible debt securities and resource projects in advanced development or production located in safe jurisdictions.Neither 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 release.FOR FURTHER INFORMATION, visit the Company's website at www.queensrdcapital.com or contact by email [email protected] or phone +852 2759 2022 Caution Regarding Forward Looking StatementsCertain statements in this News Release, which are not historical in nature, constitute \"forward looking statements\" within the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to, statements or information concerning the Company's growth strategy and the Company's future performance. These statements reflect management's current assumptions and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or e...