QEM Names CEO, Secures AU$2.1 Million Placement, Shares Up 9%
MT Newswires Live
May 29, 2025
QEM (ASX:QEM) Chief Executive Officer Gavin Loyden will retire at the end of the fiscal year, according to a Thursday Australian bourse filing.
The company has named Robert Cooper the incoming CEO, the filing added.
The company said it has received firm commitments to raise AU$2.1 million via the issue of around 45.6 million new fully paid ordinary shares at AU$0.045 per share, together with 22.8 million free-attaching options.
The options, each exercisable at AU$0.065 and expiring three years from the date of issue, will be subject to shareholder approval during the company's extraordinary general meeting scheduled for July.
The company's shares were up 9% in recent Thursday trade.
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