WPG raises more cash for Challenger upgrade

June 19, 2017

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Gold miner WPG Resources has announced a one-for-eight pro rata non-renounceable entitlement issue, in the hopes of raising A$5.4-million to help fund the expansion of the Challenger mill, in Western Australia.

The new shares will be priced at 4.8c each, and will include one free unlisted options for every two subscribed shares, exercisable at 8c each by June 2019.

Category: General