[VIDEO] WMC entitlement offer closes soon

Wiluna Mining (ASX:WMC) The next big Australian gold producer, targeting 100-120koz of gold production by December 2022, $231m invested over past 21 months, pro-forma market cap from $134.5m, raising $50m to $84m, profitable in 2022/23

• Wiliuna Mining (ASX:WMC) is one of the best positioned gold plays in Australia, heading to profitability, located in mining friendly Western Australia.
• The company is raising $50m to $84.5 million from shareholders and new investors, to fund the company's final ramp up into its next phase as a profitable gold producer.
• Over $50m already committed, this is the last opportunity to invest in one of the most exciting gold producers in Australia
• Hurry-offer closes Friday 10th June, opportunity for investors to participate in shortfall shares with free attaching options.

Last chance to invest

Wiluna Mining (ASX:WMC): The next big, profitable Australian gold producer

Attractive Entitlement Offer and Shortfall Placement

The Company is seeking to raise a minimum of $50.0 million and a maximum of $84.5 million via a Non-Renounceable Entitlement Issue on the basis of one (1) new share for every one (1) share held by eligible shareholders on the record date (“Entitlement Issue” or “Offer”) at an issue price of $0.40 per share.

Subscribers in the Offer will also be issued with one (1) New Option for every one (1) New Share subscribed for and issued, listed, exercisable at $0.60 and expiring on 31 December 2024 (New Options).

Wiluna’s underground contractor, Byrnecut, has agreed to convert $13.4 million of receivables from the Company into any Shortfall of the Offer.

The Issue Price of $0.40 per Share represents a discount of to the following closing prices prior to the trading halt:

• 29.3% discount to the last price of $0.565
• 42.4% discount to the 10-day volume weighted average price of $0.695; and
• 46.3% discount to the 30-day volume weighted average price of $0.745.

Last chance to invest

Wiluna Mining Corporation Limited is an ASX Listed gold mining company that controls over 1,600 square kilometres of the Yilgarn Region in the Northern Goldfields of Western Australia.

The Yilgarn Region is one of most prolific gold regions in the world. The Company owns 100% of the Wiluna Gold Operation which is the 8th largest gold district in Australia under single ownership based on overall JORC Mineral Resource.

Operational turnaround well advanced; Underground Mining improving with mining grades increasing. Stage 1 concentrator ramping up to expectations and targeting an anticipated full production run rate of 110koz - 120koz gold by the end of CY2022.

Offer closes this Friday 10th June 2022:

Investors who are not currently shareholders of the company and wish to bid for shortfall shares and free attaching options can email here to register their interest by the offer closing date.

Don’t miss out on your opportunity to participate in this one-off opportunity!

Last chance to invest