"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.
GTT Ventures acted as Lead Manager and was paid fees of 6% plus GST of all funds raised under the offer and
will, subject to shareholder approval, receive 3,750,000 options exercisable at $0.12 each, expiring on 30
November 2022"
Wow, love it
MQR Price at posting:
7.9¢ Sentiment: Hold Disclosure: Held
