On 06 April 2022, Marquee Resources Limited (ASX: MQR) announced that it received firm commitments in a Placement to sophisticated and professional investors for a heavily demanded placement to raise A$5,705,505 at A$0.105 per share by means of its current placement capacity.
MQR also intends to raise up to AU$2,000,000 via Share Purchase Plan on the same terms as the placement.
The proceeds via placement and SPP would be used for drilling and exploration work at the Kibby Basin Lithium Project.
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