West African Resources was in front of fund managers on Tuesday, seeking to raise $120 million via a single tranche placement.
The 87.6 million new shares were offered to investors at $1.37 apiece, a 13.8 per cent discount to the company’s last traded price and a 13.6 per cent discount to the five-day volume-weighted average price.
Euroz Hartleys was sole lead manager on the transaction, the proceeds of which will largely go towards funding WAF’s Kiaka gold project.
more to come
Ann: Trading Halt, page-20
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Last
$1.44 |
Change
-0.050(3.36%) |
Mkt cap ! $1.637B | |||
| Open | High | Low | Value | Volume |
| $1.44 | $1.45 | $1.42 | $3.905M | 2.715M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 54005 | $1.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.45 | 156964 | 6 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| WAF (ASX) Chart |