Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Australia
  4. Australian Stock Exchange
  5. White Rock Minerals Ltd
  6. News
  7. Summary
    WRM   AU000000WRM6

WHITE ROCK MINERALS LTD

(WRM)
  Report
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensus 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

White Rock Minerals Ltd (ASX:WRM) Placement to Raise $11M and Investor Presentation

12/05/2021 | 05:47pm EST

Ballarat, Australia, Dec 6, 2021 - (ABN Newswire) - White Rock Minerals Limited (ASX:WRM) (OTCMKTS:WRMCF) is pleased to announce an equity raising of approximately $11.3 million through a placement of fully paid ordinary shares to institutional and sophisticated investors (Placement) and a pro-rata non-renounceable 1 for 4 entitlement offer of fully paid ordinary shares (New Shares) in White Rock to eligible shareholders (Entitlement Offer) (together, the Equity Raising).

Viriathus Capital Pty Ltd and Henslow Pty Ltd are acting as joint lead managers to the Equity Raising (Joint Lead Managers). The Equity Raising is not underwritten.

Funds raised from the Equity Raising (after costs) will be used for:

- in-mine and regional exploration activities at its high-grade Woods Point Gold Project in Victoria;

- recapitalisation of the Morning Star gold mine and gold processing facility and for care and maintenance of the mine; and

- working capital.

White Rock MD & CEO Matt Gill said:- "White Rock acquired the Woods Point Gold Project in August, and by October we had commenced diamond drilling at the high-grade Morning Star gold mine, with two diamond rigs now operating there."

"Work has also commenced on planning our regional exploration program, with multiple highly prospective targets already identified across our extensive 660km2 tenement package."

"This capital raise will see White Rock continue this aggressive exploration focus on the significant in-mine and regional exploration potential of the project."

"The Board is very appreciative of the support shown from current shareholders, and the interest and support being shown from the new investors now joining the White Rock journey through this equity raising."

To view the Investor Presentation, please visit:
https://www.abnnewswire.net/lnk/U4248V62


<b>About White Rock Minerals Ltd:</b>

White Rock Minerals Ltd (ASX:WRM) (OTCMKTS:WRMCF) is a diversified explorer and near-stage producer, headquartered in Ballarat, Victoria. The Company's flagship exploration project is Red Mountain in central Alaska. At Red Mountain, there are already two high grade zinc - silver - gold - lead VMS deposits, with an Inferred Mineral Resource of 9.1 million tonnes @ 609g/t AgEq / 13% ZnEq. The Company is also exploring its recently discovered large intrusion related gold anomaly at Last Chance, also located in the Tintina gold belt of Alaska, home to multi-million gold ounce deposits like Pogo, Fort Knox and the Donlin Project. The Company also has the Mt Carrington project, located near Drake, in Northern NSW, which is a near-production precious metals asset with a resource of 341,000 ounces of gold and 23.2 million ounces of silver on an approved mining lease, and with a Gold First PFS and JORC Reserve.

<b>Contact:</b>

Matthew Gill or Shane Turner
Phone: +61-3-5331-4644
Email: info@whiterockminerals.com.au
www.whiterockminerals.com.au

Copyright (C) 2021 ABN Newswire. All rights reserved., source Press Releases English

All news about WHITE ROCK MINERALS LTD
2021WHITE ROCK MINERALS : Update - Proposed issue of securities - WRM
PU
2021WHITE ROCK MINERALS : Application for quotation of securities - WRM
PU
2021White Rock Minerals Ltd announced that it has received AUD 2.25 million in funding
CI
2021WHITE ROCK MINERALS LTD (ASX : WRM) Completion of Placement
AQ
2021WHITE ROCK MINERALS : Application for quotation of securities - WRM
PU
2021White Rock Minerals Ltd announced that it expects to receive AUD 2.25 million in fundin..
CI
2021WHITE ROCK MINERALS : Proposed issue of securities - WRM
PU
2021WHITE ROCK MINERALS : Entitlement Offer Booklet
PU
2021WHITE ROCK MINERALS : Investor Presentation
PU
2021WHITE ROCK MINERALS LTD (ASX : WRM) Placement to Raise $11M and Investor Presentation
AQ
More news
Financials
Sales 2021 0,05 M 0,04 M 0,04 M
Net income 2021 -9,70 M -7,00 M -7,00 M
Net cash 2021 16,0 M 11,6 M 11,6 M
P/E ratio 2021 -3,83x
Yield 2021 -
Capitalization 35,7 M 25,8 M 25,7 M
EV / Sales 2020 26,0x
EV / Sales 2021 570x
Nbr of Employees -
Free-Float 67,2%
Chart WHITE ROCK MINERALS LTD
Duration : Period :
White Rock Minerals Ltd Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends WHITE ROCK MINERALS LTD
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Last Close Price 0,17 $
Average target price 0,64 $
Spread / Average Target 279%
Managers and Directors
Matthew Damian Gill Chief Executive Officer, Director & MD
Toni L. Griffith Chief Financial Officer
Peter Robert Lester Non-Executive Chairman
Jeremy R. Gray Non-Executive Director
Paul McNally Lead Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
WHITE ROCK MINERALS LTD-2.08%26
BHP GROUP12.48%168 152
RIO TINTO PLC10.22%121 600
GLENCORE PLC7.56%72 188
ANGLO AMERICAN PLC9.62%55 007
GRUPO MÉXICO, S.A.B. DE C.V.4.26%35 697