Ann: WestStar Secures $1M Working Capital Facility, page-2

Bewdy ! No cap raise here people.

WestStar Industrial Limited ... has received commitments for a working capital facility …. of up to $1 Million.
The Facility will ensure that the Company is fully funded to meet the short-term guarantee and cashflow requirements of its recent material contract wins including:
- $8M contract at the Tianqi Lithium Processing Plant; - $4M contact at Rio Tinto’s West Angelas Iron Ore Mine; - $1.7M contact at Iluka Resources’ Cataby Iron Sands Mine; - $2M of various contracts including a contract with the Salini Impregilo – NRW Joint Venture on the Forrestfield-Airport Link Project
….
Commenting on this, WSI director Philip Re noted:
“The Facility will ensure WestStar is funded for its current contracts and ready to scale if new contracts are awarded. Funding this way on favourable terms, also protects our shareholders from dilution at a time when the Company is building great momentum and traction in the market.”