WA Kaolin Ltd. (AU:WAK) has released an update.
WA Kaolin Ltd. has announced a significant share placement and loan conversion with Silver Tropic Pty Ltd, resulting in Silver Tropic obtaining a 13.34% interest in the company. The agreement includes a share placement at $0.15 per share, totaling $480,000, and a loan conversion at $0.06 per share, amounting to $1,000,000. This strategic financial move will see Silver Tropic holding a total of 69,750,241 WA Kaolin shares.
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