QEM Limited (“QEM” or “the Company”) is pleased to provide shareholders with the following update for the Company’s activities for the quarter ended 31 December 2018.
Admission to ASX
QEM Limited commenced trading on the Australian Securities Exchange (ASX) on 19 October 2018, after raising $5 million at $0.20 per share as part of its Initial Public Offering (IPO). The Company issued 25,000,000 shares in its IPO, with a total of 100,000,000 total shares on issue at listing.
QEM plans to use funds from its IPO to advance exploration at its 100% owned Julia Creek Project (“the Project”) in Queensland, where it is targeting vanadium and oil shale prospects in the Toolebuc Formation.
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