The Smartest Investors Club
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Smartest Investors Club

Investing

$4.33M Funding Secured Through WCNOE Option Underwriting Agreement

by February 20, 2024
February 20, 2024
$4.33M Funding Secured Through WCNOE Option Underwriting Agreement

White Cliff Minerals Limited (White Cliff or the Company) is pleased to advise that it has executed an underwriting agreement (the “Underwriting”) with CPS Capital Group Pty Limited (“CPS’) and its nominees to underwrite the listed WCNOE options (“WCNOE” or the “Options”). CPS will act as Lead Underwriter with the underwriting supported by other leading Australian, European & UK financial institutions.

This Option confers to the owner a right to purchase a share in the Company at a price of

$0.015 per share before on or COB 28 February 2024. There are currently 288,528,071 listed WCNOE Options expected to raise AUD$4.33M before expenses.

Including recent director conversions and assuming the underwriting is not terminated due to any of the significant adverse events outlined in Appendix 1 the Company will have approximately $6.5m in cash and liquid securities after the conversion process has been completed meaning the Company is fully funded for all activities at Radium Point and Coppermine for 2024 and beyond.

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

“The recent option conversions at 1.5c by directors and KMPs as well as this significant underwriting by resource specialist groups from Australia and Europe demonstrates a global recognition of the potential for our projects and strategy.

This funding positions the Company to execute aggressive exploration campaigns at both the Radium Point Uranium and Coppermine Copper projects. The Company is finalising exploration programmes for deployment shortly with a specific focus on high priority targets, details of which will be announced in due course.

The Company continues to assess an additional project opportunity which has the potential to be significantly value accretive and looks forward to updating Shareholders.”

Click here for the full ASX Release

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
Cannabis Round-Up: Ukraine Legalizes Medical Cannabis, Blüm to Acquire California Stores
next post
Bold Ventures

You may also like

Reducing Reliance on China for Rare Earths Production...

Web Summit 2025: Vancouver’s Tech Moment

SAGA Metals Prepares Maiden Drill Program at Double...

RUA GOLD Intersects Visible Gold and Antimony and...

Paris 2024 Olympic Medals Showcase History with Priceless...

Element79 Announces Extension to Proposed Spin Out and...

5 Top Weekly TSXV Stocks: Maritime Resources Leads...

True North Copper Limited (ASX: TNC) – Trading...

What is FedNow and How Does it Work?

Prospect Ridge Resources: Emerging Precious Metals Explorer Near...

    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.

    Latest

    • Iran has amassed even more near weapons-grade uranium, UN watchdog says

    • UK to ban sale of disposable vapes in response to soaring waste and safety risks

    • ISIS claims first attacks against forces loyal to new government in Syria

    • ‘A fear campaign.’ Students around the world are shocked, scared and saddened by US visa pause

    • North Korea deploys mystery balloon-like objects to stricken warship, satellite photos show

    Categories

    • Business (1,673)
    • Investing (4,999)
    • Politics (7,837)
    • World (6,352)
    • Terms & Conditions
    • Privacy Policy
    • About us

    Disclaimer: thesmartestinvestorsclub.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 thesmartestinvestorsclub.com | All Rights Reserved


    Back To Top