Early Warning Report
Q-GOLD RESOURCES LTD. c/o Mineral Creek Resources Inc. 809 W. Riordan Road, Suite 100-391 Flagstaff, Arizona 86001 Ph: (928) 779-0166/ Fax: 268-3445 www.QGoldResources.com
EARLY WARNING REPORT
Vancouver, British Columbia, September 24, 2014– Q-Gold Resources Ltd. (the "Company") (TSX VENTURE: QGR) (http://www.qgoldresources.com)
Robert C. Bryce (“Mr. Bryce”) of #465 Boulevard Sabourin, Val D'Or, QC J9P 4W6, announces that he and his associates (as such term is defined under Multilateral Instrument 62-104) have acquired ownership and control of 1,892,099 units (post-consolidation) (the "Units") of the Company through the facilities of the TSX Venture Exchange at a price of $0.06 per Unit on September 24, 2014. Of these Units, 250,000 Units are held in the name of Abiting Inc., of which the Offeror is the sole shareholder and director and 231,266 Units are held in the name of Lise Bryce, who is the spouse of the Offeror. The 1,892,099 common shares (the "Shares") and 1,892,099 share purchase warrants (the "Warrants") comprising the Units acquired by Mr. Bryce represent 18.82% of the Company's issued and outstanding common shares on a non-diluted basis or 23.73% of the Company's issued and outstanding common shares, calculated on a partially-diluted basis assuming the exercise of the Subscriber’s Warrants and stock options, if any.
After giving effect to the acquisition referred to above, Mr. Bryce and his associates beneficially own an aggregate total of 2,761,849 Shares, 2,392,099 Warrants and zero stock options, which collectively represent 23.73% of the Company's issued and outstanding common shares, calculated on a partiallydiluted basis assuming the exercise of such Warrants.
Mr. Bryce and his associates acquired the Units for investment purposes. Mr. Bryce and his associates each intend to evaluate their respective investments in the Company and to increase or decrease their respective shareholdings as each may determine for investment purposes.
This press release is being disseminated as required by National Instrument 62-103, The Early Warning System and Related Take-Over Bids and Insider Reporting Issues in connection with the filing of an early warning report (the "Early Warning Report"). A copy of the Early Warning Report may be found on www.sedar.com under the Company's profile.
About Q-Gold Resources Ltd.
Q-Gold is a publicly traded Canadian-based mineral exploration company currently holds over 10,000 contiguous acres of mining and patented claims containing 5 historic gold mines in the Kenora Mining District of Ontario. The Company also holds 13 U.S. Bureau of Land Management mining claims near Crown King, Arizona, which contain a number of geophysical anomalies under investigation as potential drilling targets.
Contact Information:
J. Bruce Carruthers II, Chairman at 1-928-779-0166 or [email protected], Website: http://www.qgoldresources.com
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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