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WA Kaolin Ltd. ( (AU:WAK) ) has provided an announcement.
WA Kaolin Limited has announced a fully underwritten pro-rata accelerated non-renounceable rights offer to raise approximately $7 million by issuing 174,544,708 new shares at $0.04 each. The offer includes one free unlisted option for every two new shares issued, with an exercise price of $0.09 and an expiry date of June 30, 2027, and is managed by Canaccord Genuity (Australia) Limited with co-managers Leeuwin Wealth Pty Ltd and JP Equity Partners.
More about WA Kaolin Ltd.
YTD Price Performance: 40.0%
Average Trading Volume: 108,174
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$36.65M
For a thorough assessment of WAK stock, go to TipRanks’ Stock Analysis page.