White Rock Minerals: Completes $2.25m placement

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