ASX-listed White Rock Minerals will raise A$7.35-million through a two tranche share placement and a fully underwritten share purchase plan (SPP) to fund exploration and drill testing at its Lake Chance gold anomaly, in Alaska.
The two tranche placement will consist of 1.95-billion shares, at an issue price of 0.3c each, with the first tranche consisting of more than 470.4-million shares, to raise an initial A$1.41-million under the company’s existing placement capacity.