Economic Rules Hub
  • World
  • Politics
  • Business
  • Investing
Home Investing WCNOE Underwriting Completed – A$4.33M Raised
Investing

WCNOE Underwriting Completed – A$4.33M Raised

by admin March 16, 2024
March 16, 2024

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
FacebookTwitterPinterestEmail
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

Mario Innecco: Gold Still in Third Inning, When Will Silver...

June 10, 2025

More high-grade assays pave way for resource at Golden Eye

June 10, 2025

Drilling Planned to Update & Grow Lo Herma Resource

June 10, 2025

Sarama Outlines Extensive Gold Trends at Cosmo Gold Project

June 10, 2025

Walker Lane Resources Announces Terms for Private Placement Units to...

June 10, 2025

Finlay Minerals Announces Closing of Non-Brokered Private Placement of Flow-Through...

June 10, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


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

    Recent

    • Soldiers return home after years in captivity as Ukraine-Russia prisoner swap begins

      June 10, 2025
    • China to make all hospitals offer epidurals to incentivize childbirth

      June 10, 2025
    • Canada plans to hit NATO spending target early and reduce reliance on US defense, Carney says

      June 10, 2025
    • Russia strikes Kyiv and Odesa with aerial attacks, at least two people wounded, officials say

      June 10, 2025
    • Teenage TikTok star’s murder leaves Pakistani women questioning whether any safe spaces exist – online or on the street

      June 10, 2025

    Categories

    • Business (1,396)
    • Investing (3,417)
    • Politics (4,574)
    • World (4,489)
    • Email Whitelisting
    • Terms and Conditions
    • Privacy Policy
    • Contacts
    • About us

    Disclaimer: EconomicRulesHub.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 EconomicRulesHub.com | All Rights Reserved

    Economic Rules Hub
    • World
    • Politics
    • Business
    • Investing