Whitebark Energy: Raises $1.93m for Wizard Lake

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