WCP raises A$5.5m for US exploration

April 6, 2017

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Junior WCP Resources will raise A$5.5-million through the placement of 56-million shares, to accelerate exploration and development activities at the Piedmont lithium project, in the US.

The company on Friday announced that the shares will be placed at a price of 9c each to institutional and sophisticated investors, with the issue price representing a 10% discount to WCP’ last closing price on the ASX.

Category: General