WPG raises more cash for Challenger upgrade
PERTH (miningweekly.com) – Gold miner WPG Resources has announced a one-for-eight pro rata nonrenounceable entitlement issue, in the hopes of raising A$5.4-million to help fund the expansion of the Challenger mill, in Western Australia.
The new shares will be priced at 4.8c each, and will include one free unlisted option for every two subscribed shares, exercisable at 8c each by June 2019.
The entitlement issue is in addition to the A$7.2-million placement announced earlier this month, and will see WPG raise a total of A$12.6-million.
WPG in its March quarterly report flagged the possible upgrade of the Challenger mill, which treats ore from the Challenger and Tarcoola mines. The miner said at the time that the plant could currently run at a capacity of between 600 000 t/y and 700 000 t/y and that this could be increased to 800 000 t/y with limited additional expenditure.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation