Marquee Resources Raises Capital Via Share Placement

MT Newswires Live

2025/05/15

Marquee Resources (ASX:MQR) said it raised a total of AU$596,165 via an oversubscribed share placement to sophisticated and professional investors at an issue price of AU$0.0075 per share, according to a Thursday Australian bourse filing.

A total of 72,822,071 new shares will be issued as part of this placement under the existing share issue capacity. Additionally, 6,666,667 shares will be issued to its director, Charles Thomas, subject to shareholder approval at an upcoming general meeting.

The funds will be predominantly used for the upcoming reverse circulation drill program at the Mt. Clement antimony-gold project in Western Australia.

It engaged GTT Ventures as lead manager for the placement.

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