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WA Kaolin Launches $7M Entitlement Offer to Fuel Sales Growth After Classifier Success
9:18am on Thursday 6th of February, 2025 AEDT
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Mining
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WA Kaolin Launches $7M Entitlement Offer to Fuel Sales Growth After Classifier Success
9:18am on Thursday 6th of February, 2025 AEDT
Key Points
Fully underwritten accelerated non-renounceable entitlement offer to raise A$7 million
Offer price set at A$0.04 per share, a 42.9% discount to last close
Major shareholders committed A$2.6 million in accelerated rights and A$2.2 million in sub-underwriting
Successful classifier project upgrade achieved finer grades, higher production rates, and improved yield
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Wa Kaolin (ASX:WAK)
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