Quia Resources Inc.
TSX VENTURE : QIA

Quia Resources Inc.

October 01, 2013 16:01 ET

Quia Resources Announces Closing of 2nd Tranche of Private Placement

TORONTO, ONTARIO--(Marketwired - Oct. 1, 2013) - Quia Resources Inc. (TSX VENTURE:QIA) ("Quia" or the "Company") announce that it closed a second tranche of a non-brokered private placement (the "Offering"), consisting of 4,000,000 Shares ("Shares") for aggregate gross proceeds of $20,000. The combined total raised in the first and second tranche is $373,200 resulting in the issuance of an aggregate of 74,640,000 common shares.

The securities are subject to a four month hold period expiring January 27, 2014.

Canaccord Genuity Corp. and NBCN Inc., acting as finders, received cash commissions of $1,600 and $200 respectively, and 320,000 and 40,000 compensation options ("Compensation Options") respectively, each Compensation Option being exercisable into one Share within 24 months of closing at an exercise price of $0.05.

With reference to the press release dated September 24th Canaccord Genuity Corp. acting as finders, received further cash commissions of $7,136 and 1,427,200 compensation options ("Compensation Options") respectively, each Compensation Option being exercisable into one Share within 24 months of closing at an exercise price of $0.05.

About Quia Resources Inc.

Quia Resources is a gold exploration Company focused in Colombia and its 100%-owned San Lucas property in the San Lucas gold belt. The San Lucas gold belt is among the least explored and most prospective gold belts in Colombia. Quia is an early-mover into this belt and has established a key property position and a strong base of technical knowledge in the area.

Forward-Looking Statements

This press release contains or refers to forward-looking information, including statements regarding proposed use of proceeds of the Offering, and is based on current expectations that involve a number of business risks and uncertainties. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by law.

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.

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