Quinsam Capital Corporation (CNSX:QCA) announced a brokered private placement of up to 16,666,666 units at a price of CAD 0.60 per unit for gross proceeds of CAD 10,000,000 on January 12, 2018. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one common share at a price of CAD 0.80 for a period of 24 months from the date of closing. The company has also granted the agents an option to increase the size of the offering by up to CAD 10,000,000. The securities issued and issuable pursuant to the transaction will be subject to a four month and one day statutory hold period. The transaction is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the Canadian Securities Exchange (“CSE”). The company is expected to close the transaction on or about February 8, 2018.