White Cliff Minerals Ltd (WCN.AX) advises that it has resolved to extend the closing date of the recently announced Rights Issue by five business days following postal delays affecting the delivery of Entitlement Forms to shareholders.

As outlined in the prospectus lodged on Friday, 4 August 2017, the Rights Issue will raise up to $1,879,477 by the issue of up to 939,738,862 Shares at an issue price of $0.002 and is partially underwritten by Gleneagle Securities Nominees Pty Ltd to the amount of $1,000,000.

The new closing date for the Rights Issue is 5.00pm WST on Friday, 1 September 2017. A revised timetable for the Rights Issue is as follows: Event Date

Closing Date of Offers

Friday, 1 September 2017

New Shares issued

Friday, 8 September 2017

Ordinary trading of new Shares commences

Monday, 11 September 2017

The above dates are indicative only and may be subject to change. The Directors may vary these dates subject to any applicable requirements of the Corporations Act or the Listing Rules. The Directors may extend the Closing Date by giving at least three business days' notice to ASX before the Closing Date.


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.

    

Contact

Todd Hibberd
Managing Director
T: +61-8-9321-2233
E: info@wcminerals.com.au
W: www.wcminerals.com.au

Luke Forrestal
Media + Capital Partners
M: +61-411-479-144
E: luke.forrestal@mcpartners.com.au



Link: Extension of Prospectus Closing Date



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Related Industry Topics:
Metals Financial General Mining Gold Copper Nickel