FinTechFunding

White Rock Minerals: Completes $2.25m placement

White Rock Minerals Completes $2.25m placement

  • White Rock Minerals (WRM) successfully completes its placement and raises $2.25 million
  • On December 6, the company announced it would be undertaking a placement and entitlement offer to raise $11 million
  • Under the placement, around 9.3 million shares were issued to certain institutional and sophisticated investors at 24 cents each
  • The money will be used to undertake in-mine and regional exploration activities at its Woods Point Gold Project and recapitalise the Morning Star gold mine
  • White Rock ends the day in the grey with shares trading at 23.5 cents
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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