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An update from Errawarra Resources Ltd. ( (AU:ERW) ) is now available.
West Coast Silver Limited has announced the issuance of 87,730,945 fully paid ordinary shares for a Tranche 2 Placement and 44,500,000 shares to Alien Metals as part of the Elizabeth Hill transaction. This move, approved by shareholders, is intended to enhance the company’s capital structure and facilitate strategic growth. The issuance falls under the exemption of section 708A(5) of the Corporations Act, allowing the shares to be sold without disclosure, thus potentially increasing liquidity and market activity for the company.
More about Errawarra Resources Ltd.
West Coast Silver Limited, previously known as Errawarra Resources Ltd, operates in the mining industry with a focus on silver exploration and development. The company is listed on the Australian Securities Exchange under the ticker WCE and is based in West Perth, Australia.
Average Trading Volume: 741,808
Technical Sentiment Signal: Sell
Current Market Cap: A$6.31M
For an in-depth examination of ERW stock, go to TipRanks’ Stock Analysis page.