SEC Form 4 · accession 0000947871-18-000362

GOLDEN QUEEN MINING CO LTD · GQM

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Table I — non-derivative securities

Table II — derivative securities

Explanation of responses

• F1In November 2017, Golden Queen Mining Co. Ltd (the "Issuer") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Issuer's common stock, as of the record date of December 1, 2017 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 188,952,761 of the Issuer's common stock. Record Date Shareholders received one Right for each share of outstanding common stock held on the record date. The Rights entitled their holders to purchase 1.7 new shares of common stock for every Right held. The subscription price per share was $0.1325 (the "basic subscription privilege"). Jonathan Clay is the sole managing member of the Reporting Person.
• F2The Rights Offering also included an oversubscription privilege, which entitled holders who fully exercised their basic subscription privilege the right to purchase, at a price of $0.1325 per share, additional shares of the Issuer, subject to availability and pro rata allocation of shares among Record Date Shareholders exercising such oversubscription privilege. The Rights were exercisable until February 20, 2018 at 5:00 p.m. Toronto time. Following the conclusion of the Rights Offering, share of common stock that were not purchased by other Record Date Shareholders were allocated pro rata among Rights holders exercising their oversubscription privilege based on the number of shares of common stock of the Issuer each of those Rights holders owned on the record date.
• F3Represents 12,339,161 shares of common stock of the Issuer acquired upon the exercise of the basic subscription privilege and 7,258,330 shares of common stock of the Issuer acquired upon the exercise of the oversubscription privilege.