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WA Kaolin Raises A$2.64M in Institutional Entitlement Offer Ahead of Retail Launch

9:33am on Friday 7th of February, 2025 AEDT Mining
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WA Kaolin Raises A$2.64M in Institutional Entitlement Offer Ahead of Retail Launch

9:33am on Friday 7th of February, 2025 AEDT
Key Points
  • Institutional entitlement offer raised A$2.64 million at A$0.04 per share
  • Offer price represents a 42.9% discount to last closing price
  • Retail entitlement offer of A$4.34 million to open on 12 February 2025
  • Funds aimed at supporting working capital and achieving positive cash flow
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