Investissement Québec Sells Warrants of 5N Plus
MONTREAL, May 1, 2014 /CNW/ - On April 29, 2014, Investissement Québec ("IQ") sold 3,225,806 share purchase warrants of 5N Plus Inc. (the "Issuer"), each (a "Warrant") entitling the holder to subscribe for one share of the Issuer (a "Share") until June 6, 2014 at a price of $5. Before this transaction, IQ owned and controlled 8,626,613 Shares and 3,225,806 Warrants. As a result, IQ held 10.29% of the outstanding Shares on a non-diluted basis and 13.61% on a partially-diluted basis. Following this transaction, IQ holds 10.29% of the outstanding Shares. IQ received an amount of $0.145 per Warrant, for total proceeds of $467,742.
IQ intends to hold its Shares for investment purposes and may, depending on market and other conditions, increase or decrease its beneficial ownership, control or direction over Shares or other securities of the Issuer, through market transactions, private agreements, treasury issuances, exercise of convertible securities or otherwise. IQ's address is 1200 de l'Église, suite 500, Quebec City, Québec G1V 5A3.
A copy of the report under Regulation 62-104 filed on SEDAR under the Issuer's profile is available by contacting Marc Paquet at (514) 873-4664.
Investissement Québec's mission is to foster the growth of investment in Québec, thereby contributing to economic development and job creation in every region. The Corporation offers businesses a full range of financial solutions, including loans, loan guarantees and equity investments, to support them at all stages of their development. It is also responsible for administering tax measures and prospecting for foreign investment.
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SOURCE Investissement QuébecFor further information: Chantal Corbeil, Spokesperson, Investissement Québec, 514 873-7161