4//SEC Filing
GOLDEN QUEEN MINING CO LTD 4
Accession 0001507940-17-000001
CIK 0001025362operating
Filed
Jan 11, 7:00 PM ET
Accepted
Jan 12, 11:17 AM ET
Size
13.7 KB
Accession
0001507940-17-000001
Insider Transaction Report
Form 4
Clay Jonathan C.
10% Owner
Transactions
- Gift
Warrant
2017-01-05+1,667,000→ 1,667,000 total(indirect: By family investment vehicle)Exercise: $0.95From: 2015-12-08Exp: 2020-06-08→ Common Shares (1,667,000 underlying) - Other
Warrant
2016-11-21+2,000,000→ 2,000,000 total(indirect: By family investment vehicle)Exercise: $0.85From: 2016-11-21Exp: 2021-11-21→ Common Shares (2,000,000 underlying)
Holdings
- 32,000(indirect: See Footnote)
Common Stock
- 7,258,300(indirect: By family investment vehicle)
Common Stock
- 807,250(indirect: See Footnote)
Common Stock
- 1,081,686
Common Stock
- 50,000(indirect: See Footnote)
Common Stock
Footnotes (9)
- [F1]Represents shares owned by EHT, LLC ("EHT"). The reporting person is the sole managing member of EHT.
- [F2]Represents shares owned by 933 Milledge, LLC ("Milledge"). The reporting person is the sole managing member of Milledge.
- [F3]Represents shares owned by Arctic Coast Petroleums, Ltd. ("Arctic Coast"). Arctic Coast is owned 47.5% by Milledge and 2.5% by the reporting person. The reporting person disclaims beneficial ownership of 50% of Arctic Coast's holdings of the issuer's common stock not attributable to Milledge or to the reporting person.
- [F4]Represents shares held in a custody account for James Clay, the reporting person's son. The reporting person's wife, Whitney Clay, is the sole custodian of such account and the reporting person disclaims beneficial ownership of these shares.
- [F5]On November 21, 2016, the issuer issued a warrant to purchase 2,000,000 shares of common stock to EHT. The warrant is currently exercisable and expires on November 21, 2021.
- [F6]The warrant was issued in connection with the Second Amended and Restated Term Loan Agreement (the "Loan Agreement"), dated November 21, 2016, by and among the issuer, the Landon T. Clay 2009 Irrevocable Trust dated March 6, 2009 (the "LTC 2009 Trust"), the Clay Family 2009 Irrevocable Trust dated April 14, 2009 (the "CF 2009 Trust") and EHT. The Loan Agreement is described in the issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission on November 21, 2016.
- [F7]Represents warrants owned by EHT.
- [F8]On June 8, 2015, the issuer issued a warrant to purchase 1,667,000 shares of common stock to Harris Clay, the reporting person's father. The warrant is exercisable from December 8, 2015 through June 8, 2020. In connection with Harris Clay's death, the warrant to purchase 1,667,000 shares of common stock was transferred to EHT on January 5, 2017.
- [F9]The warrant was issued in connection with the Amended and Restated Term Loan Agreement (the "Original Loan Agreement"), dated June 8, 2015, by and among the issuer, the LTC 2009 Trust, the CF 2009 Trust, EHT and Harris Clay. The Original Loan Agreement is described in the issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission on June 9, 2015.
Documents
Issuer
GOLDEN QUEEN MINING CO LTD
CIK 0001025362
Entity typeoperating
IncorporatedBritish Columbia, Canada
Related Parties
1- filerCIK 0001025362
Filing Metadata
- Form type
- 4
- Filed
- Jan 11, 7:00 PM ET
- Accepted
- Jan 12, 11:17 AM ET
- Size
- 13.7 KB