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Alice Queen Ltd. ( (AU:AQX) ) has issued an announcement.
Alice Queen Limited has received a notice to convert all outstanding convertible notes into fully paid ordinary shares at a price of $0.005 per share, in line with the note terms previously disclosed to the market. The conversion, which will see 200 million new shares issued following prior shareholder approval, will be completed within five business days, and the company plans to lodge a prospectus to qualify the new shares for secondary trading, a move that simplifies its capital structure and may improve liquidity for investors.
The most recent analyst rating on (AU:AQX) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Alice Queen Ltd. stock, see the AU:AQX Stock Forecast page.
More about Alice Queen Ltd.
Alice Queen Limited (ASX:AQX) is an Australian-listed company; however, the announcement does not provide details on its industry, primary products or services, or specific market focus.
Average Trading Volume: 6,284,643
Technical Sentiment Signal: Sell
Current Market Cap: A$19.59M
Find detailed analytics on AQX stock on TipRanks’ Stock Analysis page.