Wednesday, September 2, 2009

Canadian Stock Research - QUEENSTON MINING INC

Canadian Stock Research News Update:

"Queenston Announces $14 Million Financing"

TORONTO, ONTARIO--(Marketwire - Sept. 1, 2009) - QUEENSTON MINING INC. (TSX:QMI)(FRANKFURT:QMI)(STUTTGART:QMI) ("the Company") announced today that it has entered into an agreement with Primary Capital Inc., as lead agent on behalf a syndicate of agents (collectively, the "Agents") in connection with the offering of 2 million units of the Company for gross proceeds of up to $14 million. Each unit is priced at $7.00 and will consist of one flow through share and one warrant (the "Unit"). Each warrant will entitle the holder to purchase one additional common share of the Company at a price of $7.50 for a period of 18 months from the date of closing. One million Units of the offering are on a private placement guaranteed basis and up to one million Units are on a best efforts basis. The flow-through shares will be offered by way of private placement to accredited investors in the Province of Ontario.


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