RFR 0.00% 3.7¢ rafaella resources ltd.

Ann: McCleery Delivers Significant Cu-Au-Ag Targets, page-15

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    Looking @ WSR’s top 20 list I see we  hold just 1,048,952 shares …
    Most likely they adjusted numbers  due to 20c listing and not 5c when we did deal ..also percentage  changed from 5% to 2% …


    ”Westar Resources Ltd (‘Westar’ is a private gold exploration company with an attractive portfolio in Western Australia. See www.westar.net.au for further details. The original terms of the disposal required a $50,000 cash deposit followed by the issuance of $100,000 in Westar shares upon a successful initial public offering. Given the ongoing COVID-19 pandemic and the challenges in completing an IPO, Westar has elected to conduct a private fundraising to undertake the next steps of its strategy. Rafaella has accepted an amendment to the terms of the disposal whereby the full consideration has been met through the issuance of Westar shares at the current private placement pricing. As a result, Rafaella has now received 3,000,000 shares in Westar at the recent fundraising price of $0.05/share giving the Company a 5% interest “
 
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Currently unlisted public company.

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