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WA Kaolin’s $34.9M Rights Offer: Can It Rescue Operations and Cut Debt?
7:02pm on Monday 30th of March, 2026 AEDT
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WA Kaolin’s $34.9M Rights Offer: Can It Rescue Operations and Cut Debt?
7:02pm on Monday 30th of March, 2026 AEDT
Key Points
Pro-rata non-renounceable rights offer to raise up to $34.9 million
Partial underwriting via $10.13 million debt conversion by major creditors
Offer conditional on shareholder approval at April 29 meeting
Significant shareholder dilution of approximately 83% if not participated
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WA KAOLIN (ASX:WAK)
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