White Cliff Minerals Ltd (ASX:WCN) Letter to Option Holders and Rights Issue Prospectus

White Cliff Minerals Limited (ASX:WCN) ("White Cliff' or the "Company"), advises that the attached letter (see the link below) has today been sent to WCN Option Holders.

On 3 August 2017, White Cliff Minerals Limited (Company) announced a proposed partially underwritten one (1) for two (2) non-renounceable pro rata offer at an issue price of A$0.002 per share to raise up to approximately A$1,879,477 (before expenses) (Offer).

Full details of the Offer are in the prospectus setting out the Offer (Prospectus) (see the link below) and the Appendix 3B lodged with ASX on 4 August 2017.

Eligibility to Participate

The Offer is based on the number of Shares held by a shareholder at 5.00pm on Wednesday, 9 August 2017 (Record Date).

The Offer does not apply to your holding of White Cliff Minerals options (Options).

To be eligible to participate in the Offer in respect of your Options, you will need to exercise those Options and be registered (with a registered address in Australia or New Zealand) as the holder of the underlying White Cliff Minerals shares as at the Record Date being 9 August 2017.

If you do not wish to participate in the Offer (in respect of your Options) you do not need to take any action.

To exercise some or all of your Options you will need to give notice in writing to White Cliff Minerals in accordance with the terms and conditions of your Options together with payment of the exercise price for each Option exercised.

If you do not exercise your Options, then after the Closing Date of the Offer an adjustment may be made to the exercise price of your White Cliff Minerals options in accordance with the terms and conditions of the Options.

To view the full letter, please visit:
http://abnnewswire.net/lnk/662CVRDI

To view the Rights Issue Prospectus, please visit:
http://abnnewswire.net/lnk/D071655K


About White Cliff Minerals Ltd

White Cliff Minerals is a Gold, Copper, Cobalt, Nickel resources and mining company listed in Australia (ASX:WCN). The Company is focused on developing low cost high value mineral deposits that have near term cash flow potential.

Major projects include the Aucu gold deposit that contains 484,000 ounces of gold (3mt at 5.1 g/t) starting at surface and Chanach copper deposit that contains 64,000 tonnes of copper (17.2Mt at 0.37% copper). Both projects have substantial blue sky potential with drilling covering only 5% of the known structures. In Australia the company is developing the Coronation Dam cobalt–nickel deposit where a maiden resource will be announced in the late 2018.

   

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