White Cliff Minerals Raises $912k placement
- White Cliff Minerals (WCN) has received binding commitments to raise $912,000 through a placement
- WCN is issuing 76 million shares to sophisticated and professional investors at a price of 1.2 cents each, which represents the same price as the closing price on November 22
- Subject to shareholder approval, company directors will apply for up to $60,000 worth of shares on the same terms as the placement
- The money is going towards exploration across its portfolio of projects in WA, including at the projects White Cliff is in the process of acquiring
- WCN has ended the day 41.7 per cent in the green to close at 1.7 cents
