https://www.miningweekly.com
Exploration|PROJECT
Exploration|PROJECT
exploration|project

Widgie Nickel raises A$12m

22nd May 2023

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Junior Widgie Nickel will raise A$12-million from sophisticated and professional investors, with the company on Monday introducing a new significant shareholder.

Widgie will issue more than 46.1-million shares, at a price of 26c each under its existing placement capacity, raising A$12-million. Virtue Investment Corporation (VIC), a subsidiary of Ascend Global Investment Fund, will subscribe for 29.5-million of these shares, worth A$7.66-million, giving the company a 9.9% interest in Widgie.

“We are delighted with the support for the placement and the addition of a number of new highly credentialled investors, including VIC, to the register,” said Widgie MD and CEO Steve Norregaard.

“We look forward to putting these funds to work with several exciting advancements in train including commercialisation of our nickel and recently discovered lithium endowment and ongoing exploration activities on our highly prospective Mt Edwards project tenure.”

Edited by Creamer Media Reporter

Comments

Showroom

Sandvik Drills image
Sandvik Mining and Rock Solutions

For more than 150 years, Sandvik has remained committed to developing the most advanced engineering solutions. As a world-leading mining equipment...

VISIT SHOWROOM 
SMS group
SMS group

At SMS group, we have made it our mission to create a carbon-neutral and sustainable metals industry.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
ARM, GoldOre, Gautrain make headlines
22nd September 2023
Magazine cover image
Magazine round up | 22 September 2023
22nd September 2023
Resources Watch image
Resources Watch
21st September 2023

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.078 0.118s - 113pq - 2rq
Subscribe Now