Quinsam Capital Corporation Announces Appointment of Roger Dent as CEO & Director, New Small Cap Investment Strategy and Non-...
October 29 2013 - 8:05AM
Marketwired Canada
Quinsam Capital Corporation (CNSX:QCA) ("Quinsam" or the "Company") announces
that Roger Dent will join the Company as its Chief Executive Officer and
Director effective immediately. Eric Szustak, the Company's current president
and CEO, will remain as President.
Mr. Dent has been involved in the Canadian financial markets for over 25 years
and has extensive experience in "small cap" evaluation and investment. Most
recently, he was a noted portfolio manager with Matrix Fund Management Inc.,
where he guided the Matrix Small Companies Fund and the Matrix Strategic Small
Cap Fund. Previously, he was Vice Chairman of one of Canada's largest
independent investment dealers. He was formerly the #1 ranked Small Cap Analyst
according to the Brendan Wood institutional investor survey.
"I look forward to creating a new kind of investment vehicle at Quinsam" Mr.
Dent said. "In recent months the small cap market has been showing signs of
improvement and I think we are in the early stages of a strong recovery and so
our timing could not be better. We will position Quinsam to invest in companies
that are undervalued or unloved but we believe have tremendous upside value.
Quinsam will be an agile and disciplined investor in the small cap market and
although we do not plan to specifically focus on activist investor
opportunities, we will consider investments where value can be surfaced or
created through activism. To enhance our success rate and generate superior
returns we will offer our investee companies with a range of advisory services."
"Quinsam intends to remain listed on the CNSX," stated Eric Szustak, President.
"The CNSX allows us to keep our operating expenses low and manage the company
costs efficiently. Additionally, management, directors and employees of the
company are providing their services on a salary-free basis during the start up
phase to align our interests as major shareholders with our investors. Our goal
is to deliver the best possible results and establish our presence in the
marketplace."
The Company announces that it intends to complete a best efforts non-brokered
private placement financing of up to 10,000,000 common shares ("Shares ") at a
price of $0.06 per share for gross proceeds of up to $600,000 (the
"Offering").The proceeds of the Offering will be used to make investments and
for general working capital purposes. The Offering is subject to certain
conditions including, but not limited to, the receipt of all necessary
approvals, including the approval of the Canadian National Stock Exchange
("CNSX"). The majority of the placement is being subscribed to by officers,
directors and employees of the Company. Mr. Dent currently holds 9.9% of the
outstanding shares of Quinsam and plans to subscribe for additional shares in
the placement. Following the closing of the private placement, it is anticipated
that Mr. Dent and his associates will own in excess of 30% of Company's
outstanding shares.
Further to the Company's stock option plan, the Company has granted incentive
stock options to certain directors, officers, employees and consultants to
purchase up to an aggregate of 450,000 common shares, exercisable on or before
October 29, 2018, at an exercise price of $0.10 per share.
About Quinsam Capital Corporation
Quinsam is a merchant bank based in Canada. Our merchant banking business
encompasses a range of activities including acquisitions, advisory services,
lending activities and portfolio investments. Quinsam invests its capital in
assets, companies or projects which we believe are undervalued and where we have
a viable plan for unlocking such value.
THE CNSX HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THE CONTENT OF THIS PRESS RELEASE.
This news release contains certain statements that may be deemed
"forward-looking statements". Forward looking statements are statements that are
not historical facts and are generally, but not always, identified by the words
"expects", "plans", "anticipates", "believes", "intends", "estimates",
"projects", "potential" and similar expressions, or that events or conditions
"will", "would", "may", "could" or "should" occur. Although Quinsam believes the
expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future performance
and actual results may differ materially from those in forward-looking
statements.Forward-looking statements are based on the beliefs, estimates and
opinions of management on the date the statements are made. Quinsam undertakes
no obligation to update these forward-looking statements in the event that
management's beliefs, estimates or opinions, or other factors, should change,
except as required by law.
FOR FURTHER INFORMATION PLEASE CONTACT:
Quinsam Capital Corporation
Eric Szustak
President
(905) 330-7948
quinsamcapital@gmail.com
Quinsam Capital Corporation
Roger Dent
CEO
(647) 993-5475
rogerdent@rogers.com
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