QEM Limited's Renounceable Pro-Rata Offer Announcement

QEM Limited (ASX:QEM) has announced a renounceable pro-rata offer to eligible shareholders for up to 43,254,775 New Shares at an issue price of $0.07 per New Share, aiming to raise approximately $3,027,834. The offer is underwritten to $1,600,000 by Mahe Capital Pty Ltd and is intended for Australian and New Zealand residents only. The funds raised will be used for the Julia Creek Project and general working capital. The offer is subject to ASX quotation and participation in the Clearing House Electronic Sub-register System (CHESS).

QEM Chairman Tim Wall Encourages Shareholder Participation

QEM's Chairman, Tim Wall, has invited shareholders to participate in the offer and emphasized the importance of shareholder support for the project's progress.

QEM's Renounceable Pro-Rata Offer and Underwriting Agreement

QEM Limited (ASX:QEM) has announced a renounceable pro-rata offer to raise approximately $3,027,834, underwritten to $1,600,000 by Mahe Capital Pty Ltd. The funds raised will be used for the Julia Creek Project and general working capital. The offer is intended for Australian and New Zealand residents only and is subject to ASX quotation and participation in the Clearing House Electronic Sub-register System (CHESS). The company has provided detailed instructions for shareholders regarding the payment process for the entitlement offer, including the use of unique reference numbers for EFT payments and the submission of personalized entitlement and acceptance forms. Additionally, the announcement includes a comprehensive section on risk factors specific to the company, covering areas such as control risk, potential dilution, additional requirements for capital, funding risk, technical studies risk, and more. QEM's Chairman, Tim Wall, has encouraged shareholder participation in the offer, highlighting the importance of shareholder support for the project's progress.