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Westar Resources Ltd. ( (AU:WSR) ) just unveiled an update.
Westar Resources Ltd announced the issuance of 59,808,721 fully paid ordinary shares as part of tranche 1 of a placement to sophisticated and exempt investors. This move, conducted without disclosure to investors under Part 6D.2 of the Corporations Act 2001, aligns with the company’s compliance with relevant provisions, indicating a strategic step to bolster its financial position and support its ongoing projects in the resource sector.
More about Westar Resources Ltd.
Westar Resources Ltd is a Perth-based resource company that focuses on the discovery, acquisition, and development of high-quality gold and copper projects. The company operates in the highly prospective Yilgarn Craton region, near Southern Cross and Sandstone, aiming to create value for shareholders and the communities in which it operates.
Average Trading Volume: 1,254,514
Technical Sentiment Signal: Sell
Current Market Cap: A$3.19M
For detailed information about WSR stock, go to TipRanks’ Stock Analysis page.