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WA Kaolin Launches $34.9m Equity Raise and Debt Conversion to Strengthen Balance Sheet
9:02pm on Friday 20th of March, 2026 AEDT
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WA Kaolin Launches $34.9m Equity Raise and Debt Conversion to Strengthen Balance Sheet
9:02pm on Friday 20th of March, 2026 AEDT
Key Points
Proposed $34.9 million equity raise via 5:1 entitlement issue at $0.01 per share
Debt conversion of approximately $10.1 million to reduce overall liabilities
Strong backing from major shareholders and creditors underwriting part of the offer
Funds to support working capital and plant improvements at Wickepin kaolin operation
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WA KAOLIN (ASX:WAK)
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