Western Mines increases size of capital raise
Perth-based Western Mines has received additional commitment letters for its A$0.15-a-share capital raise, with two existing shareholders having returned letters during the week for an additional A$150 000.
Western Mines has now completed a capital raise of A$1.23-million with commitments received to issue 8.23-million ordinary shares.
All proceeds for the capital raise will be put towards continuing to progress the company’s flagship Mulga Tank.
Mulga Tank is a magmatic nickel sulphide mineral system, covering 425 km2.
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