Marquee Resources Secures Strong Backing Through Oversubscribed Capital Raise

Marquee Resources Limited (ASX: MQR) has successfully completed an oversubscribed share placement, raising AU$596,165 at AU$0.0075 per share from sophisticated and professional investors. The strong response underscores investor confidence in the company's diversified project portfolio and strategic direction. The placement includes the issue of 72.8 million shares under ASX Listing Rule 7.1, with an additional 6.67 million shares allocated to Non-Executive Chairman and Managing Director, Mr. Charles Thomas, pending shareholder approval. Mr. Thomas has committed AU$50,000 to the placement on the same terms as other participants. GTT Ventures acted as Lead Manager and will receive a 6% fee (plus GST). The capital raised is set to be directed mainly toward an upcoming reverse circulation (RC) drilling campaign at the Mt Clement project, which targets antimony and gold deposits. A shareholder meeting is scheduled for late June 2025 to approve the proposed share allocation to directors. This announcement, approved by the Board, highlights the company's ongoing focus on advancing growth initiatives and maintaining strong shareholder alignment.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com