The Investment Whisperer
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Investment Whisperer

Investing

WCNOE Underwriting Completed – A$4.33M Raised

by admin March 17, 2024
March 17, 2024
WCNOE Underwriting Completed – A$4.33M Raised

White Cliff Minerals Limited (White Cliff or the Company) is pleased to advise gross proceeds of A$4.33m of funds have been received before costs through the successful conversion of 288,528,071 WCNOE Options1.

With the funds from the option exercise by option holders and the Underwriter, in addition to the recent Director and KMP conversions of unlisted options, the Company now has ~A$6.33M in cash and listed investments2.

The Company is now well funded to focus on its upcoming exploration programs, details of which will be provided in due course.

Commenting on the funding, White Cliff Chairman, Roderick McIllree said:

“The completion of this funding makes the Company an interesting investment proposition. With a market capitalisation of circa $25m which includes ±AUD$6.3m we are funded for multiple work programmes at Radium Point, our uranium & silver rich IOCG project and Coppermine, the high-grade copper gold and silver project in Nunavut.

The first of these exploration campaigns by Expert Geophysics3 airborne survey experts at Coppermine where we continue to build full mobilisation in anticipation of a significant field deployment in the coming months.

Next up will be the completion of contractor and service providers for the complimentary campaigns at Radium Point the Uranium Silver IOCG project, and I look forward to updating shareholders on this in the not-too-distant future along with additional project acquisitions and executive appointments.”

Click here for the full ASX Release

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Home buyers to be spared automatic broker commissions under new settlement
next post
Gold Price Tumbles on Latest US CPI Reading

Related Posts

Westgold Strategic Alliance and Placement

May 31, 2024

Cobalt Price Recovery Facing Uncertainty as Battery Chemistry...

November 15, 2024

Pinnacle Closes Non-Brokered Private Placement

May 30, 2024

Global Oil & Gas

December 11, 2023

Lithium Universe LtdSpodumene Offtake Update

June 2, 2025

Unearthing Efficiency: How the Mining Industry is Using...

April 6, 2024

Rua Gold

May 10, 2024

Top 5 Junior Copper Stocks on the TSXV...

July 20, 2024

Coinbase Backs QCAD Stablecoin to Power Canadian Crypto...

May 17, 2025

Types of Iron Ore: Hematite vs. Magnetite

February 5, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (1,404)
    • Investing (3,391)
    • Politics (4,572)
    • World (4,505)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheInvestmentWhisperer.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 TheInvestmentWhisperer.com | All Rights Reserved