Capital Raise Update
Released
Released
Announcement PDF
Western Mines Group Ltd
ACN 640 738 834
Level 3, 33 Ord Street
West Perth
WA 6005
28 November 2024
ASX Announcement (ASX: WMG)
CAPITAL RAISE UPDATE
On 25 November 2024, Western Mines Group Ltd (“WMG” or “Company”) announced it had
successfully completed a capital raise of $1,084,625 (before cost) with commitments received to
issue 7,230,833 fully paid ordinary shares at an issue price of $0.15 per share (Placement) (ASX,
Capital Raise to Continue Progressing Mulga Tank, 25 November 2024).
WMG is pleased to announce an increase in the size of the capital raise. Two existing
shareholders, including the Company’s significant shareholder Equentia Natural Resources, were
unable to return commitment letters by the Monday announcement and have subsequently
completed and return the letters during the week; totalling an additional $150,000.
The total amount of the capital raise is now $1,234,625 (before costs) with commitments received
to issue 8,230,833 fully paid ordinary shares at an issue price of $0.15 per share.
All proceeds for the capital raise will be put towards continuing to progress the Company’s flagship
Mulga Tank Project.
- END -
This announcement has been authorised for release by Dr Caedmon Marriott, Managing Director
For further information please contact:
Western Mines Group Ltd
Dr Caedmon Marriott
Managing Director
Tel: +61 475 116 798
Email: contact@westernmines.com.au
www.westernmines.com.au
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