QBL to Recommence Trading on Thursday 21st June
The Board would like to thank our shareholders for their patience and support during this process. The Board also appreciates the guidance and assistance given to the Company during this period by the ASX.
We hope that our shareholders will share our excitement about these significant acquisitions and milestones for our Company that the upcoming Announcement will present.
The Board looks forward to QBL recommencing trading on the ASX platform.
About Queensland Bauxite Ltd
Queensland Bauxite Limited (ASX:QBL) is an Australian listed company focused on the exploration and development of its bauxite tenements in Queensland and New South Wales. The Company's lead project is the South Johnstone Bauxite Deposit in northern Queensland which has rail running through the project area and is approximately 15-24 kilometres from the nearest deep water port. The Company intends to become a bauxite producer with a focus on commencing production at South Johnstone as early as possible. The Company also pursues additional investment opportunities, and has agreed to acquire a 100% shareholding in Medical Cannabis Limited, an Australian leader in the hemp and Cannabis industries, and a 100% shareholding in Medcan Australia Pty Ltd, a company with an ODC cultivation and production License and a DA approved Cannabis production and manufacturing facility.
Queensland Bauxite Ltd