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Quia Resources Inc Announces Non-Brokered Private Placement of Up to $500,000

Thursday, 22 Aug 2013 05:22pm EDT 

Quia Resources Inc announced that it intends to complete an offering (Offering) for aggregate gross proceeds of up to $500,000 consisting of up to 100,000,000 common shares (Common Shares) at a price of $0.005 per Common Share. Finders will be entitled to a cash commission in the amount of 8% (Finder's Fee) of the gross proceeds received from the sale of the Common Shares, and Finder's Warrants (Finder's Warrant) equal to 8% of the Common Shares issued pursuant to the Offering. Each Finder Warrant will be exercisable into Common Shares at a price of $0.05 (Finder Warrant Exercise Price) exercisable at any time until 24 months from the Closing Date. All shares issued pursuant to the Offering, and any shares issued pursuant to the exercise of Finder's Warrants will be subject to a four-month hold period from the Closing date. The proceeds of the Offering will be used for working capital, property canon payments and ancillary property related obligations, and to satisfy various liabilities. 

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