MinQuest Limited (ASX:MNQ) has completed a placement of convertible notes to sophisticated and professional investors to raise $750,000.
The conversion terms under the convertible notes are subject to shareholder approval.
MinQuest has notified Magna Equities II LLC of its intention to repay the balance of the outstanding convertible notes drawn down under the Magna Convertible Loan Facility.
MinQuest has notified Golden Predator of its intention to withdraw from the farm in joint venture agreement for the Marg Project.
MNQ Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
