RE:RE:RE:Trading pattern's
Looks like to me that Marquee can in fact rub 2 nickles together.
05 November 2021 ASX RELEASE
MARQUEE ENTERS AGREEMENT TO ACQUIRE SIGNIFICANT NORTH AMERICAN LITHIUM & HIGH-GRADE COPPER GOLD PROJECTS
Capital Raise MQR is pleased to report that it has completed a strongly supported capital raising, having secured binding loan commitments for AUD$3,000,000.00 (Loans). The Loans will, subject to shareholder approval (to be potentially sought at the Company’s upcoming AGM), convert into fully paid ordinary shares at a conversation price of $0.08 per Share, together with free attaching options (Options) on the basis of 1 option for every 2 Shares, exercisable at $0.12 each and expiring on 30 November 2022 (Conversion Securities). A summary of the material terms of the Loans is set out in Schedule 2 of this announcement.
The Company notes that the funds from the Company’s $3m capital raising are intended to be applied to both the new projects and the Company’s existing projects alongside working capital.