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QX Resources Ltd ( (AU:QXR) ) has shared an announcement.
QX Resources Ltd is conducting a non-renounceable pro rata offer to its eligible shareholders, aiming to raise approximately $818,956 by issuing 204,738,885 new shares at $0.004 each. This offer, fully underwritten by directors Maurice Feilich and Daniel Smith, includes one attaching option for every two new shares issued. The prospectus details the offer’s specifics and highlights that it is not available to U.S. persons or in the U.S., reflecting the company’s strategic capital-raising efforts to strengthen its financial position.
More about QX Resources Ltd
Technical Sentiment Signal: Sell
Current Market Cap: A$5.24M
For an in-depth examination of QXR stock, go to TipRanks’ Overview page.