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Marquee Resources Secures Strong Backing Through Oversubscribed Capital Raise

May 15, 2025

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.

 

 

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