Alice Queen Ltd (ASX:AQX) has a new substantial holder in Melbourne-based Datt Group with 60 million shares and a 7.51% stake.
Datt Group became a substantial shareholder on September 23.
Last month Alice Queen entered into an agreement to raise $1.5 million through the issue of 50 million shares to Datt Group.
"Exciting portfolio"
At the time Alice Queen managing director Andrew Buxton said the company was pleased to welcome Datt Group to the register as it progressed its Horn Island Gold Project in Far North Queensland as well as its porphyry copper-gold projects in New South Wales.
He added: “The completion of the placement at a significant premium to our recent trading is a recognition that we have an exciting portfolio of assets that offer upside potential for all our shareholders.”
"Impressed" by Alice Queen
Datt Capitals managing director Emanuel Ajay Datt said: “We are attracted to Alice Queen for a number of reasons, namely its suite of high-quality projects including Horn Island in Queensland and the North Molong Belt projects in New South Wales.
"We are also very impressed by both the management and technical teams at Alice Queen and their ability to identify signRead More – Source
