23:47:33 EDT Wed 08 May 2024
Enter Symbol
or Name
USA
CA



QSolar Ltd
Symbol QSL
Shares Issued 73,748,912
Close 2015-01-05 C$ 0.24
Market Cap C$ 17,699,739
Recent Sedar Documents

ORIGINAL: QSolar investor Xie holds 13 mm shares, 6.6 mm warrants

2015-01-05 19:04 ET - News Release

Received by email:

File: Early Warning Press Release Unit Private Placement.DOC


January 5, 2015



JUNLIANG XIE ACQUIRES SECURITIES OF 
QSOLAR LIMITED

This press release amends and restates the press releases disseminated by Junliang Xie on April 8, 2013 and April 15, 
--->2013 regarding his holdings in QSolar Limited (the "Company").

On March 13, 2013, Mr. Xie's subscription, through his holding company Centrium Enterprises Limited for 13,333,333 uni
--->ts ("Units") to be issued by the Company at a price of $0.75 per Unit (the "Offering") was accepted.  Each Unit consis
--->ted of one common share of the Company (a "Common Share") and one-half of one common share purchase warrant (a "Warran
--->t") exercisable to purchase a Common Share at $1.00 per share for a period of two years from the date of issuance.  Un
--->der the terms and conditions of the subscription, the purchase and sale of the Units was to be completed in several tr
--->anches within 25 days of the date of the subscription.  Therefore, immediately following completion of the Offering, M
--->r. Xie had the right or obligation to acquire within 60 days, and for early warning reporting purposes, beneficial own
--->ership of, 13,333,333 Common Shares and 6,666,667 Common Shares acquirable on exercise of the Warrants.  Upon completi
--->on of the purchase of the Units and assuming exercise of all the Warrants, Mr. Xie had beneficial ownership of 20,000,
--->000 Common Shares, or approximately 25.75% of the Common Shares then issued and outstanding.

Mr. Xie acquired the Units for investment purposes.  He intends to review his investment in the Company on a continuin
--->g basis.  Depending on various factors including, but not limited to, the Company's financial position, the market pri
--->ce of the Common Shares, conditions in the securities markets and general economic and industry conditions, Mr. Xie's 
--->business or financial condition and other factors and conditions he deems appropriate.  Mr. Xie may in the future take
---> such actions with respect to his investment in the Company as he considers appropriate.  Mr. Xie may in the future ac
--->quire ownership of, or control and direction over, further Common Shares.




File: Xie2015Jan5PR.pdf

                                                                                                January 5, 2015



                            JUNLIANG XIE ACQUIRES SECURITIES OF
                                      QSOLAR LIMITED

This press release amends and restates the press releases disseminated by Junliang Xie on April 8, 2013 and April
15, 2013 regarding his holdings in QSolar Limited (the "Company").

On March 13, 2013, Mr. Xie's subscription, through his holding company Centrium Enterprises Limited for
13,333,333 units ("Units") to be issued by the Company at a price of $0.75 per Unit (the "Offering") was
accepted. Each Unit consisted of one common share of the Company (a "Common Share") and one-half of one
common share purchase warrant (a "Warrant") exercisable to purchase a Common Share at $1.00 per share for a
period of two years from the date of issuance. Under the terms and conditions of the subscription, the purchase
and sale of the Units was to be completed in several tranches within 25 days of the date of the subscription.
Therefore, immediately following completion of the Offering, Mr. Xie had the right or obligation to acquire
within 60 days, and for early warning reporting purposes, beneficial ownership of, 13,333,333 Common Shares
and 6,666,667 Common Shares acquirable on exercise of the Warrants. Upon completion of the purchase of the
Units and assuming exercise of all the Warrants, Mr. Xie had beneficial ownership of 20,000,000 Common
Shares, or approximately 25.75% of the Common Shares then issued and outstanding.

Mr. Xie acquired the Units for investment purposes. He intends to review his investment in the Company on a
continuing basis. Depending on various factors including, but not limited to, the Company's financial position,
the market price of the Common Shares, conditions in the securities markets and general economic and industry
conditions, Mr. Xie's business or financial condition and other factors and conditions he deems appropriate. Mr.
Xie may in the future take such actions with respect to his investment in the Company as he considers
appropriate. Mr. Xie may in the future acquire ownership of, or control and direction over, further Common
Shares.
 


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