QEM raises $2.7M for Julia Creek kerogen play

ASX-LISTED QEM Limited has received firm commitments of $2.72 million from sophisticated and professional investors to fund its flagship Queensland Julia Creek oil shale and vanadium project.

QEM raises $2.7M for Julia Creek kerogen play QEM raises $2.7M for Julia Creek kerogen play QEM raises $2.7M for Julia Creek kerogen play QEM raises $2.7M for Julia Creek kerogen play QEM raises $2.7M for Julia Creek kerogen play

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The company told the market the funds, used to fully support the Julia Creek project's ongoing development, were raised via an oversubscribed placement at $0.17 per share.