Quest Minerals Ltd: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Quest Minerals Ltd Announces Non-Renounceable Rights Issue
Quest Minerals Ltd announced the issue of 1 for 1 pro-rata non-renounceable rights issue (Rights Issue or Offer) of up to 541,943,285 new fully paid shares (New Shares) at an issue price of $0.001 per New Share to raise up to AUD541,943.29 (before costs) with 1 free attaching new option for every 2 new shares issued. The funds raised from the Offer will be used for further exploration work on the Company’s Perenjori iron ore project in Western Australia, working capital, to repay a portion of debts owed and to cover costs of the Offer.
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