logo-loader

Alice Queen receives commitments to raise $516,000 for Yarindury drilling

Last updated: 16:30 14 Aug 2019 AEST, First published: 16:07 14 Aug 2019 AEST

Alice Queen Ltd - Alice Queen Ltd receives commitments to raise $516,000
The company is preparing to drill porphyry gold-copper targets within its Yarindury Project

Alice Queen Ltd (ASX:AQX) has received commitments from investors to raise $516,000 towards an initial drilling program at Yarindury as well as working capital.

The placement will be conducted through the issue of ordinary shares at a price of 1.2 cents a share.

Investors will also be issued with one free attaching option for every two shares subscribed.

A total of 43 million shares for issue

The free attaching option will be unlisted, have an exercise price of 2 cents and an expiry date which is 18 months from the issue date.

Under the placement, a total of 43 million shares and 21.5 million free attaching options will be issued.

The issue of the placement shares and options, as well as the completion of the placement, will be subject to lodgement of a prospectus, which the company expects to lodge in the coming days.

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

7 hours, 21 minutes ago