Brief: Qmines Announces Strategic Placement To Accelerate Exploration

QMines

26/10/2022 02:31

Oct 26 (Reuters) - QMines Ltd  QML.AX :
    * STRATEGIC PLACEMENT TO ACCELERATE EXPLORATION
    * GOT FIRM COMMITMENTS TO RAISE A$1.3 MILLION (BEFORE COSTS)
BY
WAY OF PLACEMENT
    * PLACEMENT AT ISSUE PRICE OF A$0.15 PER SHARE
    * WILL ISSUE UP TO 8.4 MILLION FULLY PAID ORDINARY SHARES
UNDER
PLACEMENT
    * CAPITAL RAISED FROM PLACEMENT WILL BE USED TO ACCELERATE
COY'S
EXPLORATION AND DEVELOPMENT AT MT CHALMERS PROJECT

Source text for Eikon:  ID:nASX926W4J 
Further company coverage:  QML.AX 
 ((Reuters.Briefs@thomsonreuters.com;))