MinQuest raises funds for Wolverine buy

Junior miner MinQuest has raised some A$2.29-million through a share issue and convertible loan facility to progress the acquisition of the Wolverine zinc project, in Canada. The convertible notes would be issued to US investment firm Magna and would yield some A$1.35-million, while the issue of 37.4-million shares, at a price of 2.5c each, would raise the balance of the funding.