EQR Completes A$9.5M Placement
Filed with ASX · · 3 pages · English
Summary by 6ix AI
EQ Resources Limited has successfully completed a placement to raise funds for its Mt Carbine expansion, securing significant commitments from investors. The placement aims to raise funds for working capital and to double the plant's capacity, with proceeds also allocated to repay a director's loan, pending shareholder approval. The company plans to issue new shares and options, with the settlement expected to occur shortly, and an extraordinary general meeting is scheduled to approve the share issuance to directors.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Story so far
Earlier from EQ Resources
- Mt Carbine Tungsten Mine receives $2.17m R&D Tax Refund
- QIC Approves A$20M Funding for Mt Carbine Expansion
- Quarterly Activities and Cash Flow Report March 2024
- Mt Carbine Drilling reveals high-grade zones in stage 2 pit
- Mt Carbine Hits Quarterly Production Record
Later from EQ Resources
- Mt Carbine Infill Drilling Reveals High Grade Ore In Cutback
- Mt Carbine & Saloro Operations Hit New Production Records
- Final Agreement to Acquire Mt Carbine JV from Cronimet
- Noosa Investor Presentation - Update
- High-Grade drilling result at Mt Carbine
Follow EQ Resources into a list and get an email when it puts out news.
Follow EQ Resources