White Rock Minerals (ASX:WRM) to raise approximately $11m via Placement of $2.25m and 1 for 4 Pro-Rata Non-Renounceable Entitlement Offer to raise $9.1m

Henslow is pleased to have acted as Joint Lead Manager alongside Viriathus Capital to assist White Rock Minerals (ASX:WRM) raise approximately $11m via Placement of $2.25m and 1 for 4 Pro-Rata Non-Renounceable Entitlement Offer to raise $9.1m. Funds raised will be used to expedite mining activities at their high grade gold Woods Point Gold Project, recapitalise the Morning Star gold mine and gold processing facility as well as support working capital.

White Rock Minerals is a minerals resource exploration and development company. The company’s primary activities are focused on the development of its three key assets; Woods Point Gold Project, Red Mountain and Mt Carrington. Their portfolio of assets provides investors with diversification through high-quality projects at differing developmental stages, exposed to different commodities in two jurisdictions.

This is the first raise that Henslow has undertaken for White Rock Minerals and we hope to strengthen our partnership as they gain traction as a gold producer and precious mineral explorer in Australia.