"In addition, White Rock has entered into a non-binding term sheet with Obsidian Global Partners, LLC in connection with a proposed convertible note and equity facility under which Obsidian may invest up to A$30million in White Rock over a 24 month period, and which contemplates an initial A$3.5 million investment by way of convertible notes (subject entry into definitive documentation and Shareholder approval). Conversion of convertible notes is subject to a floor price of A$0.15 (15cents)• The funds raised will be used to propel White Rock into the league of gold producers."
This hasn't happen yet as I read it. Anyone think it will go ahead or would there be better odds winning lotto.
WRM Price at posting:
10.5¢ Sentiment: None Disclosure: Not Held
