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Western Mines increases size of capital raise

28th November 2024

By: Creamer Media Reporter

     

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Perth-based Western Mines has received additional commitment letters for its A$0.15-a-share capital raise, with two existing shareholders having returned letters during the week for an additional A$150 000.

Western Mines has now completed a capital raise of A$1.23-million with commitments received to issue 8.23-million ordinary shares.

All proceeds for the capital raise will be put towards continuing to progress the company’s flagship Mulga Tank.

Mulga Tank is a magmatic nickel sulphide mineral system, covering 425 km2.

Edited by Creamer Media Reporter

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