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Marquee Resources Ltd ( (AU:MQR) ) has provided an announcement.
Marquee Resources Limited announced the issuance of new shares, including 6,666,667 shares as part of a tranche 2 Placement to a related party and 20 million shares under an ‘Equity for Drilling’ arrangement to cover drilling costs. This move aims to raise capital and manage operational expenses, potentially strengthening the company’s financial position and operational capabilities in the mining sector.
More about Marquee Resources Ltd
Marquee Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in acquiring and developing mineral projects, with a market focus on enhancing its portfolio through strategic investments and partnerships.
Average Trading Volume: 2,056,609
Technical Sentiment Signal: Sell
Current Market Cap: A$7.26M
See more data about MQR stock on TipRanks’ Stock Analysis page.