Business
Quimbaya Gold Trades on the OTCQB Market in the United States and Initiates Private Placement
QIM believes this listing is an important step for the Company and provides transparent trading for current and future U.S. investors Provides improved accessib
About this update from Quimbaya Gold Inc
[{"type":"text","content":" QIM believes this listing is an important step for the Company and provides transparent trading for current and future U.S. investors Provides improved accessibility and liquidity for a broad range of private and ‎institutional U.S. investors Initiates private placement offering of units for gross proceeds of up to $2,025,000 VANCOUVER, BC, Feb. 15, 2024 /CNW/ - Quimbaya Gold Inc. (CSE: QIM) (OTC: QIMGF) (\"Quimbaya\" or the \"Company\") to announce the Company's common shares have been accepted and qualified to trade on the OTCQB Venture Market in the United States operated by the OTC Markets Group Inc. \"Quimbaya has been fortunate to enjoy initial strong support from investors in Canada and internationally,\" said Alexandre P. Boivin, CEO of Quimbaya. \"This timely listing to the OTCQB now is intended to provide improved accessibility and liquidity for a broad range of private and institutional investors in the United States.\" The Company's common shares began trading tomorrow on the OTCQB under the symbol \"QIMGF.\" U.S. investors can find current financial disclosures and Real-Time Level 2 quotes for the Company on www.otcmarkets.com. The Company's common shares will continue to trade on the Canadian Securities Exchange (\"CSE\") under the symbol \"QIM.\" The DTC eligibility and method of clearing securities speeds up the receipt of stock and cash and thus accelerates the settlement process for investors and brokers, enabling the stock to be traded over a much wider selection of brokerage firms by coming into compliance with their requirements. As an emerging exploration focused company, Quimbaya very much looks forward to reaching out to American investors as the story unfolds. DTC eligibility will assist greatly in that endeavor. Private Placement The Company also wishes to announce a private placement offering of units of the Company (each a \"Unit\") at $0.68 per Unit for up to $2,025,000 (the \"Private Placement\"). Each Unit will be comprised of one (1) common share in the share capital of the Company (an \"Offered Share\") and one common share purchase warrant (a \"Warrant\"). Each Warrant will entitle the holder thereof to purchase one (1) common share in the share capital of the Company (a \"Warrant Share\") at a price of $0.68 per share at any time on the date that is three (3) years from the date of ...