Alice Queen Limited (ASX:AQX) Announces $960k Share Placement
Placement Details
Alice Queen Limited has secured binding commitments for a share placement at $0.004 per share, aiming to raise approximately $960,000 before costs. The placement will be executed in two tranches: Tranche 1 will issue 102,750,000 shares, raising $411,000, and is expected around 23 May 2025. Tranche 2, which aims to raise $550,224, is subject to shareholder approval and includes participation from Gage Resource Development Pty Ltd and the Company’s Directors.
Use of Funds
The funds raised will be utilised for continued exploration and diamond core drilling at Viani, reviewing the existing project portfolio, assessing new opportunities, and meeting general working capital requirements.
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