From time to time, QIS Capital identifies financing opportunities which may be of interest to investors visiting our website. Many investments require participants to meet accredited investor status, but others are also available to the general investment community through an offering memorandum. Please note that QIS Capital is not affiliated with these companies (unless otherwise stated) but does receive compensation for assisting them in raising money. QIS Capital cannot be held liable for the performance of companies listed in this section and cannot offer direct investment advice on the suitability of these financing opportunities. Investors are encouraged to complete their own due diligence and should contact a qualified investment representative prior to making any investment in these companies. Investors or companies wanting more information on these or other financing opportunities are invited to contact QIS Capital.
low market capitalization of less than $5 million
The financing is being done at $0.30 with a 2-year half warrant at $0.50. The stock is last at $0.40 (33% discount) with very little selling pressure currently on the market up to $0.50.
QIS Capital will receive a finders' fee for participation in this private placement.
Closing of the private placement is expected to occur in late December 2009 or early January 2010. Diamcor intends to use approximately $2.0 million of the proceeds of the private placement for the final payment for the Krone-Endora Project, with an additional $2.0 million being allocated towards production equipment, plant, etc, and the remainder to be used for working capital.
For more information on this financing opportunity or to learn of requirements to meet investment in private placements, please contact:
Doren Quinton, President QIS Capital
Ph: (250) 376-8989
info@qiscapital.com
Disclaimer: This information should not be construed as offering investment advice. Those seeking direct investment advice should consult a qualified, registered, investment professional. This is not a direct or implied solicitation to buy or sell securities. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. The author(s) owns directly or indirectly 80,000 shares of Diamcor Mining Inc. and will also be participating in this private placement opportunity. QIS Capital has a financial relationship with Diamcor Mining and may trade in the stock of the company.
Drake Energy Ltd.
(September 2009)
We are assisting Drake Energy with its recently announced private placement. Drake Energy intends to complete a non-brokered private placement for up to: (i) 1.5 million units of the corporation at an issue price of $0.10 per unit and (ii) 3.75 million flow through units of the corporation at an issue price of $0.12 per flow through unit. Each unit will consist of one common share of the corporation and one warrant, while each flow through unit will consist of one common share issued on a "flow through" basis within the meaning of the Income Tax Act and one warrant, for total gross proceeds of up to $600,000.
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Each warrant will entitle the holder thereof to purchase one Drake common share at a price of $0.15 for a period of nine months from date of closing of the private placement. Closing of the private placement is expected to occur on or about September 1, 2009. The Board of Directors and management of the company are intending to purchase between 30% and 60% of the private placement.
Drake Energy intends to use the proceeds from the private placement to fund a portion of its light crude oil development drilling and workover programs at Enchant and Sousa.
In a recent letter to shareholders, Drake management provided some further details on current operations and drilling plans:
The world economy, financial markets, and energy prices have all seen better days. Drake Energy has weathered these difficult times with two years of successful exploration and development programs and strong financial discipline. Production, reserves, land base, drilling opportunities and our management team have all dramatically strengthened during this time.
The company has seen a decrease in cash flow in 2009 due to exceptionally low gas prices. As such, management has shut in much of Drake’s higher-cost gas production in order to conserve reserves until prices improve.
Drake has the resources and bank support to continue as a going concern but capital is limited. Additional capital is needed to develop these oil prospects. Drake management believes that its investors are looking for a company to take measured risks and gain significant rewards for those risks. Oil and gas companies must develop, drill and acquire assets to grow and to do this the company must raise capital, even in a weakened financial market, to grow the company and maximize shareholder value.
Drake has three quality oil drilling opportunities (two re-entries and one new well) with working interests ranging from 50% to 70%. If all were successful, these opportunities could increase Drake’s production by 125 net bopd and add $150,000 to the company’s monthly cash flow. Furthermore, Drake’s net asset value would be expected to increase by over $6,000,000 or $0.37 per share.
For more information on this financing opportunity or to learn of requirements to meet investment in private placements, please contact:
Doren Quinton, President QIS Capital
Ph: (250) 376-8989
info@qiscapital.com
Disclaimer: This information should not be construed as offering investment advice. Those seeking direct investment advice should consult a qualified, registered, investment professional. This is not a direct or implied solicitation to buy or sell securities. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. The author(s) owns directly or indirectly 285,000 shares of Drake Energy Ltd. QIS Capital has a financial relationship with Drake Energy and may trade in the stock of the company.
Green Tech Initiatives LP ("GTI")
We are pleased to introduce our latest financing opportunity for investors seeking participation in green technologies. Doren Quinton, President of QIS Capital, is a General Partner of Green Tech Initiatives and has assisted in the development of the business. The following is a summary of the current investment opportunity. |
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Green Tech Initiatives LP (GTI) is offering investors the opportunity to purchase seed capital in a “Green Tech Fund” with 50% profit sharing of returns generated within the Limited Partnership, including an annual fixed rate return of 10%. GTI has already identified and set up an exclusive arrangement with Energy Income Trust International (EITI), an international Waste to Energy (WtE) company. Through this arrangement, investors are presented with the opportunity for capital gains through investment into the emerging carbon credit market as well as investing in a proven and proprietary technology with a 25 year operational history, and full certification by the Environmental Protection Agency (EPA) in all nine regions of the United States, by the International Standards Organization (ISO), by the Canadian Ministry of the Environment (MOE), by the Canadian Green House Gas Clean Air program, and the Canadian Standards Association (CSA).
The carbon credit market is growing rapidly due to the need for corporations, governments, and individuals to reduce their carbon footprint – either by mandated environmental policies or through voluntary compliance. Many governments around the world are implementing new environmental rules or cap-and-trade systems which will ensure exponential demand for carbon credits into the foreseeable future. EITI is on the leading edge of capitalizing on this opportunity while providing significant environmental, electrical, and other benefits worldwide.
How it Works:
Step 1: GTI uses the funds raised through the sale of Limited Partnership Interests to purchase carbon credits at a significant discount to current spot prices.
Step 2: As EITI produces carbon credits through the operation of WtE sites or as it establishes new projects, GTI has the opportunity to liquidate its position of carbon credits previously purchased. There are several ways this can be accomplished. Typically GTI will sell its carbon credits to end consumers such as power companies. Currently all carbon credit projects EITI is working on are over-subscribed by end users (more companies want to buy EITI's credits than EITI is currently able to produce.) If held to maturity, GTI can sell its carbon credits at spot prices, which presently represent more than a 100% return, or GTI can sell the credits at any time at a discount to spot price depending on the stage of development of the underlying project.
Step 3: Upon liquidity events, GTI will pay Limited Partners the pro-rata portion of the 10% annual rate of return, plus 50% of the net proceeds from the sale. The 10% annual rate of return will be paid to the investor (to reduce the tax burden) while the profit share will be reinvested back into the cycle for an even greater return at the next liquidity event.
Step 4: It is anticipated that there will be between 2 to 6 liquidity events over the 3 year period of the Limited Partnership.
GTI intends to position itself amongst the first group of businesses within Canada offering individual investors the opportunity to invest in the world's leading "green" companies, including those generating carbon credits (CERs). Managed by environmentally concerned professionals, GTI plans to produce significant returns for investors while helping, through selective investments, to improve the environment and living conditions in countries and communities throughout the world.
Summary of Green Tech Initiatives LP (“GTI”)
Introduction
