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QMines Ltd. ( (AU:QML) ) has provided an announcement.
QMines Limited has issued 2,876,876 fully paid ordinary shares at a price of $0.045 per share, utilizing an exemption under the Corporations Act 2001. This move aligns with the company’s strategy to enhance its financial position and support its ongoing development projects, potentially impacting its market positioning and stakeholder interests positively.
More about QMines Ltd.
QMines Limited is a Queensland-focused copper and gold development company. It owns 100% of the Mt Chalmers and Develin Creek deposits, which are located near Rockhampton, Queensland. The company aims to make new discoveries, commercialize existing deposits, and transition towards sustainable copper production.
Average Trading Volume: 661,851
Technical Sentiment Signal: Sell
Current Market Cap: A$16.3M
See more insights into QML stock on TipRanks’ Stock Analysis page.