Alice Queen (ASX:AQX) has raised funds via an institutional placement
Alice Queen Limited (ASX:AQX) has completed a fundraising. The funds will be used to complete the Horn Island Scoping Study, accelerate exploration activities at Horn Island and support working capital. The placement was significantly oversubscribed and strongly supported by a major shareholder, as well as several existing shareholders and new institutional and sophisticated investors.
Alice Queen is an Australian minerals exploration company with an exciting portfolio of gold and copper–gold projects located in the Northern Molong Volcanic Belt in New South Wales, Horn Island in the Torres Strait, and Fiji.
Oaklins’ team in Australia acted as lead manager to the placement.
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