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White Energy Company Limited ( (AU:WEC) ) has shared an announcement.
White Energy Company Limited has announced a partially underwritten, non-renounceable pro rata entitlement offer to raise approximately $3.5 million. This capital will support further mineral exploration and provide additional working capital. The offer is backed by substantial shareholders and is partially underwritten by Morgans Corporate Limited. The funds will be used for exploration activities across several projects in Australia, as well as for general corporate purposes and to cover the costs of the offer.
More about White Energy Company Limited
White Energy Company Limited operates in the energy sector, focusing on mineral exploration projects. The company is involved in various projects across Australia, including the Specimen Hill Project in Queensland, the Robin Rise project in South Australia, the Tindal project in Northern Territory, and the Maranoa project in Queensland.
Average Trading Volume: 54,525
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$9.35M
For a thorough assessment of WEC stock, go to TipRanks’ Stock Analysis page.