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Westar Resources Raises $1.5M in Discounted Share Placement

8:51am on Wednesday 22nd of October, 2025 AEDT Mining
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Westar Resources Raises $1.5M in Discounted Share Placement

8:51am on Wednesday 22nd of October, 2025 AEDT
Key Points
  • Placement to raise $1.5 million via 300 million shares at $0.005 each
  • Shares issued at a 42.8% discount to 15-day volume weighted average price
  • Placement split into two tranches, with second tranche requiring shareholder approval
  • Participating directors to receive 38 million shares in the placement
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