Alice Queen Secures $960K Placement Backed by Major Shareholders

• Placement to raise approximately $960,000 before costs
• Shares priced at $0.004 each with free-attaching options at $0.008 exercise price
• Two-tranche structure: first tranche under existing capacity, second tranche subject to shareholder approval
• Major shareholder Gage Resource Development and company directors to participate in second tranche