Q-Gold Resources Ltd.

Committed to the exploration and reactivation of the historic gold camp at Mine Centre, Ontario.The Mine Centre Properties share similar geological characteristics to those of the Red Lake (240 km NW of Mine Centre) and Kirkland Lake gold camps, where total combined gold production to date is approximately 47 million ounces of gold.

I've just learned from Q-Gold who are asking for a reverse split of 20-1 that, to quote their document,:.....We are reluctantly proposing this consolidation in response to a recently effected change in the TSX Venture Exchange regulations, whereby the Exchange has re-instituted a rule that common share offerings priced below $0.05 are now prohibited. Although the Company's recent trading volume has been noteworthy, there is no guarantee that Q-Gold can sustain a share price at a minimum of $0.05, which may effectively preclude Q-Gold from accessing Canadian public capital markets for its essential North American gold exploration operations, during a period of record gold prices.

(I guess I've got a lot of companies going to do a reverse split if the above statement is true.)

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Moneytospend
City
Burk's Falls, Ontario
Rank
Vice President
Activity Points
11424
Rating
Your Rating
Date Joined
04/07/2009
Social Links
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Q-Gold Resources Ltd.
Symbol
QGR
Exchange
TSX-V
Shares
2.6m 3/1/2012
Industry
Metals & Minerals
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