Rights Issue Shortfall
Perth, Sep 6, 2017 AEST (ABN Newswire) - White Cliff Minerals Limited (
ASX:WCN) ("White Cliff" or "the Company") advises that it has received valid applications for 468,596,780 ordinary shares to be issued at an issue price of $0.002 following the closure of the Company's 1-for-2 non-renounceable rights issue. The $937,194 raised from this issue will be used to further advance the Company's exploration projects both in the Kyrgyz Republic and Australia.
The Company has been advised by the rights issue underwriter, Gleneagle Securities Nominees Pty Ltd, that it has received commitments from its clients to place all the shortfall shares, being 471,142,147 ordinary shares. The allocation of the shortfall shares will occur in accordance with the rights issue timetable, and if completed in full, will raise an additional $942,284 in working capital for the Company.
Contact
Todd Hibberd
Managing Director
T: +61-8-9321-2233
E: todd@wcminerals.com.au
W: www.wcminerals.com.au
Luke Forrestal
Media & Capital Partners
M: +61-411-479-144
E: luke.forrestal@mcpartners.com.au
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