WA Kaolin Ltd. (AU:WAK) has released an update.
WA Kaolin Ltd. has opened a Share Purchase Plan (SPP) after receiving shareholder approval, aiming to raise A$0.5 million by offering shares at A$0.06 each, with an attached free option for every four shares purchased. The SPP, available to eligible shareholders with a registration address in Australia as of April 30, 2024, will close on August 13, 2024. Proceeds from the SPP will contribute towards the company’s working capital.
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