Quartz Mountain Resources Ltd 6-K, filed Jan 16, 2020
Quartz Mountain Resources Ltd (QZMRF)
About this 6-K
Quartz Mountain Resources Ltd filed this 6-K on January 16, 2020.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
As at January 3, 2020
Commission File Number: 000-15490
QUARTZ MOUNTAIN RESOURCES LTD.
(Translation of registrant’s name into English)
1500 - 1040 W Georgia Street, Vancouver, BC, V6E 4H1
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
[X] Form 20-F [ ] Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
SUBMITTED HEREWITH
Exhibits
| 99.1 | QUARTZ MOUNTAIN ANNOUNCES $500,000 PRIVATE PLACEMENT |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Quartz Mountain Resources Ltd. | ||
| (Registrant) | ||
| Date: January 16, 2020 | By: | /s/ Michael Lee |
| Name: | Michael Lee | |
| Title: | Chief Financial Officer | |
Exhibit 99.1
QUARTZ MOUNTAIN ANNOUNCES $500,000 PRIVATE PLACEMENT
December 30, 2019, Vancouver, BC – Quartz Mountain Resources Ltd. (“Quartz Mountain” or the “Company”) (TSX-V: QZM; OTCBB: QZMRF) announces that it has arranged a private placement of 4,545,455 units (‘Units”) at a price of $0.11 per Unit with insiders of the Company for proceeds of approximately $500,000. Each Unit consists of one common share and one warrant (“Warrant”) of the Company. Each Warrant allows the holder to purchase one flow-through common share at a price of $0.15 for a period five (5) years.
Completion of the financing is subject to TSX Venture Exchange approval. The private placement will result in Robert Dickinson holding a control position of approximately 43% (60%, if warrants exercised) of the Company.
For further details, contact Investor Services at (604) 684-6365 or within North America at 1-800-667-2114.
On behalf of the Board of Directors
Leonie Tomlinson
Director
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 financing. 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.