QEM (ASX:QEM) is raising up to about AU$3 million through a 1-for-3.5 renounceable rights issue at AU$0.07 per share, according to a Monday filing with the Australian bourse.
The issue price is a 46% discount to the last close price of the company's shares.
The offer includes one free attaching new option for every two new shares subscribed for, exercisable at AU$0.0014 and expiring on Sept. 30, 2026.
All directors intend to participate in the issue for a total of AU$100,000 through sub-underwriting. QEM major shareholder David Fitch is also a sub-underwriter to AU$884,393, which is included in Mahe Capital's AU$1.6 million underwrite, the filing stated.
The rights issue will close on Oct. 15. New shares will begin trading on Oct. 23.
Funds will be used to advance the Julia Creek pre-feasibility study program, among others.
The mineral explorer's shares were down 23% in recent Monday trade and earlier hit a fresh 52-week low.
Price (AUD): $0.10, Change: $-0.030, Percent Change: -23.08%
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。