Alice Queen (ASX:AQX) raises $1.47m via Institutional Placement

Henslow is pleased to announce that Alice Queen has raised $1.47m via an Institutional Placement. Funds raised will be used to complete the Scoping Study and accelerate exploration activities at Horn Island whilst also providing working capital flexibility. The placement was significantly oversubscribed and strongly supported by major shareholders as well as several existing shareholders and new institutional and sophisticated investors. Henslow acted as Lead Manager to the Placement.

Alice Queen is an Australian minerals exploration company with an exciting portfolio of gold/copper-gold projects located in the Northern Molong Volcanic Belt in New South Wales, Horn Island in the Torres Strait and Fiji.

This is the fourth transaction that we have assisted Alice Queen with since floating on the ASX in late 2015. We look forward to supporting the Company as they advance gold and copper exploration activities across Australia.

See ASX announcement here