VANCOUVER, Dec. 27, 2017
/CNW/ - Quartz Mountain Resources Ltd. ("Quartz Mountain" or
the "Company") (TSX-V: QZM; OTCBB: QZMRF) announces that further to
its news release of December 15, 2017
and subject to TSX Venture Exchange final approval, the Company has
completed a private placement for proceeds of $458,863.
The securities issued pursuant to the private placement are
subject to a hold period expiring on April
28, 2018 pursuant to applicable Canadian securities
laws.
The proceeds will be used to assess mineral exploration projects
for potential acquisition and general corporate purposes.
On behalf of the Board of Directors
Trevor Thomas
Secretary
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 release.
This release includes certain statements that may be deemed
"forward-looking-statements". All statements in this release,
other than statements of historical facts are
forward-looking-statements. These statements include
expectations about the likelihood of completing the private
placement and share consolidation and the ability of the Company to
secure regulatory acceptance for the private placement and share
consolidation. Though the Company believes the expectations
expressed in its forward-looking-statements are based on reasonable
assumptions, such statements are subject to future events and third
party discretion such as regulatory personnel. For more
information on the Company, and the risks and uncertainties
connected with its business, investors should review the Company's
home jurisdiction filings as www.sedar.com and its filings with the
United States Securities and Exchange Commission.
SOURCE Quartz Mountain Resources Ltd.
