Australia's Alice Queen falls on discounted placement

Alice Queen

22/10/2025 04:51

** Shares of Australia's Alice Queen AQX.AX fall as much as 11.1% to A$0.004, lowest level since October 16

** Diversified miner announces placement to raise A$1 million ($649,800.00) at an issue price of A$0.004 per share

** Issue price at a discount of 20% to stock's last closing

** Funds raised from placement to help further exploration at Viani gold project in Fiji, others - co

** Stock has fallen 50% this year, including session's losses

($1 = 1.5389 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)

 ((Roshan.Thomas@thomsonreuters.com;))