West Wits Mining Secures finance facility with SBC Global
- West Wits Mining (WWI) enters into an equity placement agreement with SBC Global Investment Fund
- The agreement will give West Wits up to $75 million of standby equity capital over two years
- Each placement requested by WWI under the agreement is subject to either having the available placement capacity to issue in shares or shareholder approval
- Some of the funds will be used to advance the company’s 4.28 million ounce gold Witwatersrand Basin Project (WBP) in South Africa
- WWI shares are up 16.7 per cent and trading at 2.8 cents per share at 2:24 pm AEST
