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
