QMines Ltd. (AU:QML) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
QMines Limited has successfully completed the issuance of 1,595,745 fully paid ordinary shares at $0.047 each, concluding the second tranche of its capital raise as approved by shareholders. The company, focusing on copper and gold development in Queensland, has complied with the relevant financial regulations, ensuring the shares are exempt from resale restrictions. QMines aims to advance its flagship Mt Chalmers and Develin Creek projects, which boast significant copper and gold resources, towards sustainable production.
For further insights into AU:QML stock, check out TipRanks’ Stock Analysis page.