White Cliff Minerals Ltd Stock Market Press Releases and Company Profile
Results of Renounceable Rights Issue
Results of Renounceable Rights Issue

Perth, Nov 13, 2018 AEST (ABN Newswire) - White Cliff Minerals Limited (googlechartASX:WCN) ("White Cliff" or "the Company") is pleased to advise that the Renounceable Entitlements Offer announced on 16th October ("the Offer") has closed.

The Company has been advised by the rights issue underwriter, CPS Capital Group Pty Ltd, that it has received commitments from its clients to place all the shortfall shares. The allocation of the shortfall shares is expected to occur at the same time as the rights issue acceptances are allocated in accordance with the rights issue timetable.

The net proceeds from the Offer will be used to further advance the Company's Aucu Gold project in the Kyrgyz Republic, the Coronation cobalt-nickel project in Australia, repay debt and for general working capital.

The new securities are expected to be issued on Thursday, 15 November 2018, in accordance with the timetable in the prospectus.

White Cliff's Managing Director, Todd Hibberd said, "The Company is very pleased with the strong response to the rights offer and is now debt free and is working to advance both the Aucu gold project where the focus is on adding further gold resources and the Coronation Dam cobalt and nickel project where the Company will calculate a maiden cobalt and nickel resource".

To view the outcome, please visit:
http://abnnewswire.net/lnk/4069NHNL

Contact

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




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