GOLDEN QUEEN MINING CO LTD 4
4 · GOLDEN QUEEN MINING CO LTD · Filed Aug 14, 2015
Insider Transaction Report
Form 4
CLAY LANDON T
10% Owner
Transactions
- Other
Warrant
2015-06-08+5,967,000→ 5,967,000 total(indirect: By Trust)Exercise: $0.95From: 2015-12-08Exp: 2020-06-08→ Common Shares (5,967,000 underlying) - Other
Warrant
2015-06-08+1,533,000→ 1,533,000 total(indirect: By Trust)Exercise: $0.95From: 2015-12-08Exp: 2020-06-08→ Common Shares (1,533,000 underlying)
Footnotes (3)
- [F1]On June 8, 2015, the issuer issued a warrant to purchase 5,967,000 shares of common stock to the Landon T. Clay 2009 Irrevocable Trust dated March 6, 2009 (the "LTC 2009 Trust"). The reporting person is the donor of the LTC 2009 Trust and has the right to substitute property of equivalent value for the shares of common stock held by the LTC 2009 Trust. The warrant is exercisable from December 8, 2015 through June 8, 2020.
- [F2]The warrant was issued in connection with the Amended and Restated Term Loan Agreement (the "Loan Agreement"), dated June 8, 2015, by and among the issuer, the LTC 2009 Trust, the Clay Family 2009 Irrevocable Trust dated April 14, 2009 (the "CF 2009 Trust") and the other lenders named therein. The Loan Agreement is described in the issuer's Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on June 9, 2015.
- [F3]On June 8, 2015 the issuer issued a warrant to purchase 1,533,000 shares of common stock to the CF 2009 Trust. The reporting person is the donor of the CF 2009 Trust and has the right to substitute property of equivalent value for the shares of common stock held by the CF 2009 Trust. The warrant is exercisable from December 8, 2015 through June 8, 2020.