White Rock Minerals Limited (ASX:WRM) (OTCMKTS:WRMCF) is pleased to announce an equity raising of approximately $11.3 million through a placement of fully paid ordinary shares to institutional and sophisticated investors (Placement) and a pro-rata non-renounceable 1 for 4 entitlement offer of fully paid ordinary shares.
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White Rock Minerals completes A$8.5 million placement to fully fund 2021 Alaskan activities
Exploration plans include the operation of three diamond drill rigs at the large Last Chance Gold IRGS Prospect and the high-grade Red Mountain silver-zinc-gold-lead VMS prospect. The exploration program is underway with airborne geophysics.
White Rock Minerals Ltd (ASX:WRM) (OTCMKTS:WRMCF) has completed the placement of fully paid ordinary shares to various institutional and sophisticated investors raising approximately A$8.578 million.
The company plans to use proceeds to fund its expanded Alaskan exploration activities in 2021 as well as for general working capital.
These activities include operating three diamond drill rigs at the large Last Chance Gold IRGS Prospect and the high-grade Red Mountain Silver-Zinc-Gold-Lead VMS Prospect.
White Rock Minerals Ltd (ASX:WRM) Successful Completion of Placement
Successful Completion of PlacementBallarat, April 30, 2021 AEST (ABN Newswire) - Further to its ASX announcement of 21 April 2021, White Rock (
OTCMKTS:WRMCF) is pleased to announce the successful completion of the placement of fully paid ordinary shares (Shares) to various institutional and sophisticated investors which raised approximately $8.578 million (before costs) (Placement).
A total of 16,820,664 Shares have been issued under the Placement at an issue price of $0.51 (51 cents) per Share. The Shares issued under the Placement will rank equally with existing shares.
The funds raised from the Placement will be applied towards White Rock s 2021 exploration program at its Last Chance Gold IRGS Prospect and its Red Mountain Silver-Zinc-Gold-Lead VMS Prospect in Alaska, in particular: