(MENAFN- ABN Newswire)
Allotment of Underwriting and Shortfall Securities under Entitlement Offer Ballarat, April 27, 2018 AEST (ABN Newswire) - White Rock Minerals Limited ( <>
The New Shares and New Options were issued pursuant to the nonrenounceable pro rata entitlement offer announced on 21 March 2018 (Entitlement Offer) which closed on 19 April 2018. Under the Entitlement Offer, eligible shareholders were offered 1 new fully paid ordinary share in White Rock for every 3 shares held at an issue price of $0.01 (1 cent) per share and 1 for 2 options.
As announced on 23 April 2018, these New Shares and New Options are being issued pursuant to the Underwriting agreement with DJ Carmichael Pty Limited and as part of the Shortfall placed by DJ Carmichael Pty Limited.
White Rock now has 1,256,718,369 fully paid ordinary shares and 303,350,593 unlisted options on issue following this issue and allotment of New Shares and New Options.
About White Rock Minerals Ltd
White Rock Minerals Ltd ( ASX:WRM ) is an Australian listed minerals exploration and development company with projects located in northern NSW (gold and silver) and central Alaska (zinc, silver, lead and gold). The White Rock vision is to explore and develop both precious and base metal projects.
White Rock's cornerstone asset is the Mt Carrington epithermal gold-silver project in northern NSW. The Mt Carrington project has great leverage to the Australian gold and silver prices with a positive scoping study providing a path towards feasibility studies and development in the near term.
White Rock is also exploring the Red Mountain project in Alaska. Red Mountain is a globally significant advanced VMS project with high grade zinc and silver in two deposits. White Rock is exploring for additional high grade deposits that will enhance the projects leverage to an upturn in the fortunes of zinc and silver.
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