Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
QX Resources Ltd ( (AU:QXR) ) has provided an announcement.
QX Resources Limited has completed a share placement of 46,000,000 fully paid ordinary shares at an issue price of $0.005 per share, following an earlier announcement in early February. The new shares were issued without a prospectus under the Corporations Act provisions that allow placement to sophisticated or exempt investors, indicating the company continues to rely on capital markets to fund its activities.
The company confirmed that it remains compliant with its financial reporting and continuous disclosure obligations under the Corporations Act as at the date of the notice. It also stated that there is no excluded information that should have been disclosed in connection with this share issue, providing reassurance to existing shareholders and the broader market about the transparency of the placement process.
More about QX Resources Ltd
QX Resources Limited is an Australia-based company listed on the ASX, operating in the resources sector. The company is engaged in exploration and development activities, with its primary focus on advancing its portfolio of mineral assets for investors in the Australian market.
Technical Sentiment Signal: Sell
Current Market Cap: A$10.56M
For a thorough assessment of QXR stock, go to TipRanks’ Stock Analysis page.