Issue of Shares and Unlisted Options
Released
Released
Announcement PDF
Western Mines Group Ltd
ACN 640 738 834
Level 3, 33 Ord Street
West Perth
WA 6005
4 June 2025
ASX Announcement (ASX: WMG)
ISSUE OF SHARES AND UNLISTED OPTIONS
On 27 May 2025 Western Mines Group Ltd (“WMG” or “Company”) announced that it had
completed a capital raising via a placement of 6,435,000 ordinary fully paid shares at $0.20 each
to raise A$1.287 million before costs (“Placement Shares”). The Company also agreed to issue
6,435,000 additional options with an exercise price of $0.30 and expiry of 31 July 2027 and in
return the investors volunteered a 6 month escrow on the placement shares.
The Company is now pleased to advise that it has completed the issue of all the placement shares
and 5,791,500 unlisted otpions. The remaining 643,500 unlisted options will be issued following
a general meeting of shareholders, likely in July 2025.
Funds raised under the Placement will be expended to further advance ongoing exploration
programs at the Company’s Mulga Tank Ni-Co-Cu-PGE Project. This will include*:
• Further RC and diamond drilling programs,
• Geochemical assays,
• Ongoing metallurgical testwork, and
• Belt-wide gold exploration and ground geophysical surveys upon grant of tenement E39/2299.
* Note: Current exploration plans always subject to change without notice.
Notice under Section 708A
The Company issued the placement shares to institutional and sophisticated investors and they
are part of a class of securities quoted on the Australian Securities Exchange Limited (ASX).
The Company gives this notice pursuant to Section 708A(5)(e) of the Corporations Act. The
shares were issued without disclosure to the investors under Part 6D.2, in reliance on Section
708A(5) of the Corporations Act. The Company, as at the date of this notice, has complied with:
a) the provisions of Chapter 2M of the Corporations Act as they may apply to the Company,
and
b) Section 674 and 674A of the Corporations Act.
There is no excluded information as at the date of this notice, for the purposes of Sections 708A(7)
and (8) of the Corporations Act.
An Appendix 2A Application for Quotation of Additional Securities is lodged separately with ASX.
- END Western Mines Group Ltd
www.westernmines.com.au
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
Share your feedback
Discover