Transaction involving la Caisse's QMX securities
MONTREAL, Jan. 17, 2014 /CNW Telbec/ - La Caisse de dépôt et placement du Québec (La "Caisse") sold its shares in QMX Gold Corporation ("QMX") [TSX:QMX] on the Toronto Stock Exchange for a value of $48,103.10. The 4,810,310 common shares sold represent 12.55% of the shares outstanding of QMX, at a price of $0.01 per share.
This news release is issued in accordance with the early warning requirements stipulated by the relevant securities regulation, which require that investors issue and file a news release and a report when they acquire ownership and control of 10% or more of the outstanding shares of a class of securities with voting rights of a reporting issuer. This is the case with La Caisse's investment in QMX.
In accordance with the Early Warning System, a copy of this news release and the report will be filed with the applicable Canadian securities administrators and will be available on SEDAR's website (www.sedar.com) and from the person indicated below.
The shares sold include 3,159,317 common shares of QMX that La Caisse received as payment of interest owing on a subordinated convertible debenture (the "Debenture") that it holds, in a principal amount of $2,300,000, bearing interest at an annual rate of 10%.
The Debenture is convertible into 287,500 common shares of QMX and matures on April 28, 2014.
Société de développement des entreprises minières et d'exploration II s.e.c ("Sodémex"), a limited partnership whose general partner is Gestion Sodémex inc., a company of which La Caisse is a majority shareholder, holds 412,085 shares and a subordinated convertible debenture (the "Sodémex Debenture") of a principal amount of $300,000 released on the same terms as the Caisse's Debenture. The Sodémex Debenture is convertible into 37,500 common shares of QMX.
Following this transaction, and upon the conversion of its Debenture, of that of Sodemex and taking into consideration the 412,085 common shares of QMX held by Sodémex, La Caisse will hold 737,085 common shares of QMX, or 1.91% of QMX's common shares outstanding.
ABOUT LA CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC
La Caisse de dépôt et placement du Québec is a financial institution that manages funds primarily for public and private pension and insurance plans. As at December 31, 2012, it held $176.2 billion in net assets. As one of Canada's leading institutional fund managers, La Caisse invests in major financial markets, private equity, infrastructure and real estate, globally. For more information: www.lacaisse.com.
SOURCE: Caisse de dépôt et placement du Québec
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article