NVA 8.70% 25.0¢ nova minerals limited

QUANTUM RESOURCES LIMITED (ASX: QUR) ASX and Media Release 4 th...

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    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
 
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