QUANTUM RESOURCES LIMITED
(ASX: QUR)
ASX and Media Release
4 th December 2017
PLACEMENT REPRICED UP TO ACCELERATE DEVELOPMENT WORK ON THE THOMPSON BROS LITHIUM PROJECT
Highlights:
● Quantum is committed to unlocking the world class Manitoba Hard rock lithium region with a recent MOU signed with FAR Resources.
● Placement oversubscribed at a premium price previously announced , to a new issue price of 2.05 cents per share to raise approximately $ 3.22 million before costs
● Well - funded with approx. $ 3.9 m in cash at bank to advance the Thompson Bros. lithium project and move forward on the Alaskan project portfolio .
● MD Mr Avi Kimelman taking up placement to further align his interest with shareholders and sign of management belief in the project s
● Alaskan project portfolio due diligence nearing completion and formal JV documentation are being drafted
● Company name to change to Nova Minerals Limited ( future issuer code : NVA )
Read more at Source: http://www.asx.com.au/asxpdf/20171204/pdf/43pvx3mgwp6ppd.pdf
Ann: Placement Repriced Up and Company Update, page-2
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