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Walkabout Resources Ltd well on track to fully fund Lindi Jumbo Graphite Project into development and production

Walkabout Resources Ltd (ASX:WKT) is making great strides to secure the financing required to fully fund the Lindi Jumbo Graphite Project in Tanzania into development and production. The latest step has seen the company close a 1 for 10 non-renounceable entitlement issue with Walkabout to reel in more than $7.6 million in funding, with new shares slated for issue on July 12 and quotation set to occur the following day. During the raise, shareholders subscribed for just over 20 million of the 38 million shares on offer, raising slightly more than A$4 million. Walkabout’s entitlement offer was underwritten, meaning a suite of shareholder underwriters, including the company chairperson, will pick up more than 18 million shortfall shares between them to raise the full A$7.6 million.

Walkabout Resources Ltd assesses in-country potential to increase Tanzanian graphite resources

Walkabout Resources (ASX:WKT) set to raise $6 4M for Lindi Jumbo Mine

Walkabout Resources (ASX:WKT) set to raise $6.4M for Lindi Jumbo Mine Source: Walkabout Resources [Twitter] SubscribeBe the first with the news that moves the market Walkabout Resources (WKT) has received firm commitments to raise $6.4 million under phase one of its capital raise All up, 32 million ordinary shares will be issued to institutional investors at 20 cents, a 38.5-per-cent discount to Walkabout s last close of 32.5 cents on May 3 The company will also be undertaking a one for 10 non-renounceable rights issue to raise up to $7.6 million Shares will also be offered at 20 cents and if the full amount is not taken up by shareholders, then the board may take it up

Walkabout Resources Ltd in trading halt pending announcement of Lindi Jumbo Project funding process

Walkabout Resources Ltd in trading halt pending announcement of Lindi Jumbo Project funding process
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