White Rock Minerals Ltd (WRM) has successfully placed all of the shortfall resulting from its non-renounceable pro-rata entitlement offer announced on 21 March 2018. The placement is being made on the same terms as under the Entitlement Offer and involves the issue of 171,386,123 fully paid ordinary shares in White Rock at a price of $0.01 per share and the issue of 85,693,062 unlisted options to subscribe for White Rock shares to raise a total of approximately $1.7 million (before costs). The options have an exercise price of $0.02 and expire on 26 March 2021. This funding, combined with the recent strategic relationship and funding entered into with Sandfire Resources not only ensures White Rock is fully funded to execute its current exploration program, but to further extend those activities deep into the current Summer season
