West Cobar Metals Limited (ASX: WC1) ('West Cobar' or the 'Company') is pleased to announce the results of its pro-rata entitlement offer (Entitlement Offer) to eligible shareholders of one (1) new share (New Share) for every four (4) shares held, at an issue price of A$0.022 per New Share, together with one (1) free attaching new option (New Option) for every (2) New Shares subscribed for.
The Entitlement Offer was made under the prospectus dated Thursday, 17 October 2024 (Prospectus) and closed on 14 November 2024. The Company has received applications for 4,658,493 New Shares under the Entitlement Offer and a further 2,107,756 New Shares under the Shortfall Offer for a total of 6,766,249 New Shares, raising $148,857 before costs. As a result of the issue of 6,766,249 New Shares, 3,383,114 free attaching New Options will also be issued.
The Company's Board of Directors may place the Shortfall in accordance with the terms of the Prospectus by no later than Friday, 14 February 2024. The Company wishes to thank shareholders who participated in the Entitlement Offer. The Company will issue the New Shares and New Options and lodge an Appendix 2A to apply for t
Contact:
Email: info@westcobarmetals.com.au
Web: www.westcobarmetals.com.au
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