Whitebark Energy Raises $1.93m for Wizard Lake
- Whitebark Energy (WBE) successfully raises $1.93 million through an entitlement offer
- The company said the entitlement offer was strongly supported with 338 shareholders participating and subscribing for 968,669,625 shares
- The offer comes with one free-attaching option for every two shares subscribed for
- Whitebark will use the money to advance the Wizard Lake project in Canada with a focus on drilling the Rex-4 development wellbore
- WhitebarkEnergy last traded at 0.3 cents per share in January 2021
