QMines Ltd. (AU:QML) has released an update.
QMines Limited has successfully completed the issuance of 1,595,745 fully paid ordinary shares at $0.047 each, concluding the second tranche of its capital raise as approved by shareholders. The company, focusing on copper and gold development in Queensland, has complied with the relevant financial regulations, ensuring the shares are exempt from resale restrictions. QMines aims to advance its flagship Mt Chalmers and Develin Creek projects, which boast significant copper and gold resources, towards sustainable production.
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