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Westar Resources Ltd. ( (AU:WSR) ) has provided an announcement.
Westar Resources Ltd announced a successful capital raise of $1.5 million through a placement of 300 million shares at $0.005 each, representing a 42.8% discount to the 15-day volume weighted average price. The funds will be allocated towards exploration, general working capital, due diligence on new projects, and associated costs, with CPS Capital Group Pty Ltd acting as the lead manager for the placement.
More about Westar Resources Ltd.
Westar Resources Ltd is a Perth-based resource company focused on the discovery, acquisition, and development of high-quality gold and copper projects. The company operates in supportive jurisdictions, with projects strategically located in the highly prospective Yilgarn Craton near Southern Cross and Sandstone.
Average Trading Volume: 1,254,514
Technical Sentiment Signal: Sell
Current Market Cap: A$3.59M
See more data about WSR stock on TipRanks’ Stock Analysis page.