AusQuest inks $750 000 funding deal with major shareholder

Sydney-listed AusQuest has secured funding of up to $750 000 from major shareholder Christoper Ellis, which, in combination with existing cash reserves, will enable the mine developer to continue to advance its prospective Western Australia-based nickel projects and Peru-based copper projects. The funding would be provided through the execution of a loan and convertible note agreement, and would be advanced in three tranches of $250 000 each.