Sydney, Australia (ABN Newswire) - Australian copper and gold explorer and developer Queensland Mining Corporation Limited (ASX:QMN) (QMC) announces an equity capital raising of A$1,551,000 from the placement of 28,200,000 ordinary shares to the Company's major shareholder, Tulla Resources Group Pty Limited ('Tulla Resource'), at a price of A$0.055 per share.