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Alice Queen Ltd. ( (AU:AQX) ) has shared an announcement.
Alice Queen Limited has announced it has secured binding commitments for a share placement to raise approximately $960,000 before costs. The placement will occur in two tranches, with the first tranche raising about $411,000 and the second tranche, subject to shareholder approval, raising approximately $550,224. The funds will be used for exploration and drilling activities at Viani, reviewing existing projects, and general working capital. The placement includes free-attaching options for each share, and Gage Resource Development Pty Ltd, a substantial shareholder, will participate to maintain its 51% stake.
More about Alice Queen Ltd.
Alice Queen Limited is a company operating in the exploration and mining industry, focusing on the development and exploration of mineral resources. The company is involved in activities such as exploration and diamond core drilling, with a market focus on advancing its project portfolio and assessing new opportunities.
Technical Sentiment Signal: Sell
Current Market Cap: A$6.88M
For a thorough assessment of AQX stock, go to TipRanks’ Stock Analysis page.