Quartz Mountain Announces $500,000 Private Placement
12/30/2019
December 30, 2019, Vancouver, BC - Quartz Mountain Resources Ltd. announces that it has arranged a private placement of 4,545,455 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 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 years.