trending Market Intelligence /marketintelligence/en/news-insights/trending/ZglVIgWaJjGlYeXVb3d1ZA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

WPG withdraws A$5.4M entitlement offer

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020

Report Outlooks of Lithium and Cobalt

Essential Metals & Mining Insights July 2020


WPG withdraws A$5.4M entitlement offer

WPG Resources Ltd. dropped its plans to try and raise an additional A$5.4 million via a 1-for-8 nonrenounceable entitlement offer.

The ASX-listed company said Aug. 15 that it believes its capital raising would no longer be attractive to shareholders due to the current market conditions.

The cash raised was to be used for the expansion of the mill and development of the mine at the Challenger gold project in South Australia, as well as exploration.

In early July, WPG awarded a new contract to Byrnecut Australia Pty. Ltd. for all underground mining at the Challenger mine operation.

Just prior to the release of its entitlement offer in June, WPG raised A$7.2 million via a heavily oversubscribed share placement, which has also been allocated to the development of the Challenger project.

In the past year, the company's share price has slumped more than 68% to 3.8 cents. Shares were down 2.56% following the news it had withdrawn the entitlement offer.