Quinto Real Capital Corporation (the "Corporation" or "Quinto") (TSX
VENTURE:QIT) announces the closing of the $500,000 secured debentures announced
on February 26, 2013.


The debentures issued have a term of 24 months, bearing an interest rate of
9.75% per annum and payable quarterly. 


The debentures may be converted at a price of $0.40 per common share: (i) in the
occurrence of an event of default; or (ii) in the event Quinto's common shares
trade for ten consecutive business days at an average daily trading price of
$0.80 for the first 12 month period and $1.20 for the second 12 month period. A
maximum number of 1,250,000 common shares are reserved with the TSX Venture
Exchange in order to guaranty the holder's conversion right. The debentures and
the underlying common shares are subject to a mandatory holding period of four
months and one day. 


The funds will be used to provide Quinto with an adequate working capital and to
further its short term interest toward the Monster Lake gold project.


About Quinto Real Capital Corporation

Quinto Real Capital Corporation is a Canadian-based mining exploration company
focused on the exploration, evaluation and development of gold mining properties
with a view to commercial production. Quinto holds two options to acquire up to
a 70% interest in the Monster Lake gold property, located in the Chibougamau
mining camp, in Quebec.


The Corporation's public documents may be consulted on www.sedar.com. 

Neither the TSX Venture Exchange nor its regulation services provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release. Statements
made in this news release that are not historical facts are "forward-looking
statements" and readers are cautioned that any such statements are not
guarantees of future performance, and that actual developments or results, may
vary materially from those in these "forward-looking" statement.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Michael Curtis
President and Chief Executive Officer
514 793-1915

Grafico Azioni Quinto Resources (TSXV:QIT)
Storico
Da Mag 2024 a Giu 2024 Clicca qui per i Grafici di Quinto Resources
Grafico Azioni Quinto Resources (TSXV:QIT)
Storico
Da Giu 2023 a Giu 2024 Clicca qui per i Grafici di Quinto Resources