White Rock (WRM.AX): White Rock Minerals details capital raise on path to become Victoria’s next gold producer
White Rock Minerals’ Matt Gill updates viewers on the company’s two-prongued capital raise, designed to propel the gold stock into the producer tier. Following a recent rights issue, White Rock is now out to raise roughly A$2.4 million through a share placement to institutional and sophisticated investors. In addition, White Rock has entered a non-binding term sheet with Obsidian Global Partners to advance a proposed convertible note and equity facility.
