White Rock Minerals Ltd (ASX:WRM) Allotment of Entitlement Offer

White Rock Minerals Limited (ASX:WRM) (White Rock) advises that it has today completed the issue and allotment of 130,144,353 new fully paid ordinary shares in White Rock (New Shares) and 65,072,255 new unlisted options exercisable at $0.02 and expiring 26 March 2021 (New Options).

The New Shares and New Options were issued pursuant to the nonrenounceable pro rata entitlement offer announced on 21 March 2018 (Entitlement Offer) which closed on 19 April 2018. Under the Entitlement Offer, eligible shareholders were offered 1 new fully paid ordinary share in White Rock for every 3 shares held at an issue price of $0.01 (1 cent) per share and 1 for 2 options.

White Rock now has 1,201,222,722 fully paid ordinary shares and 275,602,769 unlisted options on issue following the issue and allotment of New Shares and New Options under the Entitlement Offer.

The Underwritten and Shortfall Shares and Options announced on 23 April 2018 are expected to be issued on 27 April 2018.


About White Rock Minerals Ltd

White Rock Minerals Ltd (ASX:WRM) (OTCMKTS:WRMCF) is a diversified explorer and near-stage producer, headquartered in Ballarat, Victoria. The Company's flagship exploration project is Red Mountain in central Alaska. At Red Mountain, there are already two high grade zinc - silver - gold - lead VMS deposits, with an Inferred Mineral Resource of 9.1 million tonnes @ 609g/t AgEq / 13% ZnEq. The Company is also exploring its recently discovered large intrusion related gold anomaly at Last Chance, also located in the Tintina gold belt of Alaska, home to multi-million gold ounce deposits like Pogo, Fort Knox and the Donlin Project. The Company also has the Mt Carrington project, located near Drake, in Northern NSW, which is a near-production precious metals asset with a resource of 341,000 ounces of gold and 23.2 million ounces of silver on an approved mining lease, and with a Gold First PFS and JORC Reserve.

  

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