FinTechFunding

West Wits Mining: Completes share offer

  • West Wits Mining (WWI) has completed a $3.4 million cap raise
  • The company has issued over 161 million ordinary shares for 21 cents each to institutional investors
  • West Wits will use the funds to complete works on its Witwatersrand project, as well as complete a feasibility study and an infill drilling program
  • The company will also pay for an airborne geophysics survey for its Western Australian property, located in the Paterson Province in the Pilbara region
  • At the company’s other project, Mt Cecelia, West Wits is planning to use the funds to conduct an airborne geophysics survey
  • West Wits Mining shares are steady at market open, trading for 2.6 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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