WAL wavenet international limited
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News: Wavenet International raising working capital

  1. Proactive
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    19/01/15
    15:11
    Post #: 14605116

    Wavenet International (ASX:WAL) is raising up to $554,776 through a 1 for 1 rights issue for working capital and its taxation liabilities.

    The offer of shares priced at $0.0 each is 50% underwritten by Westwall Holdings

    Wavenet is carrying out exploration for coal in the Gayndah area and Exploration Permit EPC2265 in Queensland.

    11 potential drill sites have been identified for exploration of the Surat Basin lithologies.

     

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