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Alice Queen Ltd. ( (AU:AQX) ) has issued an update.
Alice Queen Limited has announced a proposed issue of new securities on the ASX, comprising up to 6,666,667 fully paid ordinary shares and 9,806,471 unlisted options. The options will carry an exercise price of $0.013 and an expiry date of 30 December 2029, with the proposed issue date for the securities set for 31 August 2026.
The capital raising, to be conducted via a placement or similar structure, is designed to provide additional funding flexibility for the company’s exploration and development activities. The mix of equity and long‑dated options indicates an effort to strengthen the balance sheet while offering potential upside to investors who support Alice Queen’s longer-term growth plans.
More about Alice Queen Ltd.
Alice Queen Limited is an ASX-listed company (code AQX) operating in the resources sector. The company’s primary activity is the exploration and development of mineral assets, positioning it within Australia’s junior mining and exploration market focused on capital-intensive project advancement.
Average Trading Volume: 3,807,709
Technical Sentiment Signal: Sell
Current Market Cap: A$19.25M
For an in-depth examination of AQX stock, go to TipRanks’ Overview page.