Thrifty Banker
  • Politics
  • Business
  • World
  • Investing
  • Politics
  • Business
  • World
  • Investing

Thrifty Banker

Investing

$4.33M Funding Secured Through WCNOE Option Underwriting Agreement

by February 20, 2024
February 20, 2024
$4.33M Funding Secured Through WCNOE Option Underwriting Agreement

White Cliff Minerals Limited (White Cliff or the Company) is pleased to advise that it has executed an underwriting agreement (the “Underwriting”) with CPS Capital Group Pty Limited (“CPS’) and its nominees to underwrite the listed WCNOE options (“WCNOE” or the “Options”). CPS will act as Lead Underwriter with the underwriting supported by other leading Australian, European & UK financial institutions.

This Option confers to the owner a right to purchase a share in the Company at a price of

$0.015 per share before on or COB 28 February 2024. There are currently 288,528,071 listed WCNOE Options expected to raise AUD$4.33M before expenses.

Including recent director conversions and assuming the underwriting is not terminated due to any of the significant adverse events outlined in Appendix 1 the Company will have approximately $6.5m in cash and liquid securities after the conversion process has been completed meaning the Company is fully funded for all activities at Radium Point and Coppermine for 2024 and beyond.

Commenting on the Underwriting, White Cliff Chairman, Roderick McIllree said:

“The recent option conversions at 1.5c by directors and KMPs as well as this significant underwriting by resource specialist groups from Australia and Europe demonstrates a global recognition of the potential for our projects and strategy.

This funding positions the Company to execute aggressive exploration campaigns at both the Radium Point Uranium and Coppermine Copper projects. The Company is finalising exploration programmes for deployment shortly with a specific focus on high priority targets, details of which will be announced in due course.

The Company continues to assess an additional project opportunity which has the potential to be significantly value accretive and looks forward to updating Shareholders.”

Click here for the full ASX Release

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
The Kremlin has never been richer – thanks to a US strategic partner
next post
Bold Ventures

Related Posts

5 Top Weekly TSXV Stocks: Standard Uranium Takes...

September 11, 2023

Carbon Done Right

April 18, 2024

Will Rhind: Gold in Good Position Ahead of...

September 20, 2023

Top 10 Aluminum-producing Countries (Updated 2023)

September 6, 2023

Beyond Lithium Intersects 2.30% Li2O over 3.84m in...

January 17, 2024

Many Peaks Minerals Ltd (ASX: MPK) – Trading...

March 28, 2024

Bitcoin Sets New Price Record, Surpasses Market Cap...

March 12, 2024

REPEAT — Helium Evolution Announces Farm-In Partner to...

November 25, 2023

How to Invest in Aluminum (Updated 2024)

February 7, 2024

Victory Sells Tahlo Lake Property in British Columbia

April 27, 2024

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Popular

    • 1

      Top 10 Countries for Natural Gas Production (Updated 2024)

      April 6, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Top 10 Uranium-producing Countries (Updated 2024)

      April 18, 2024
    • 4

      A GOP operative accused a monastery of voter fraud. Nuns fought back.

      January 3, 2025
    • 5

      Top 9 Nickel-producing Countries (Updated 2024)

      April 23, 2024
    • 6

      Australian abolitionist, Grace Forrest, receives coveted ‘Freedom from Fear’ award

      April 13, 2024
    • 7

      LME Sanctions on Russian Metal Push Copper, Nickel and Aluminum Prices Higher

      April 17, 2024

    Categories

    • Business (1,028)
    • Investing (2,046)
    • Politics (2,977)
    • Uncategorized (20)
    • World (3,347)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: thriftybanker.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thriftybanker.com | All Rights Reserved