trending Market Intelligence /marketintelligence/en/news-insights/trending/_8gsFBhO2UNwiFGmIgeBww2 content esgSubNav
In This List

White Rock to raise up to A$5.4M via entitlement offer to advance Mt Carrington

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Blog

Insight Weekly: LNG exports surge; investors unfazed by inflation; neobanks drive VC funding

Blog

Essential Metals Mining Insights November 2021

Blog

[Infographic]: 2021 World Exploration Trends


White Rock to raise up to A$5.4M via entitlement offer to advance Mt Carrington

White Rock Minerals Ltd. is raising up to A$5.4 million through a 2-for-3 pro rata nonrenounceable entitlement offer at an offer price of 0.5 Australian cent per share.

Eligible shareholders will get one option for every three new shares, exercisable at 1 cent each, which will expire Nov. 4, 2022.

The company plans to use the funds to advance its Mt Carrington gold-silver project in New South Wales, Australia, including completing a definitive feasibility study, and for general working capital purposes.

White Rock said Sept. 30 that the offer is not underwritten.

The company reported upgraded gold-silver resources for the Strauss and Kylo deposits at Mt Carrington in October 2017.