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Company News Summary

Western Areas Completes A$85m Placement

10 Mar 2021  |  09:39:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Western Areas Successfully Completes A$85m Placement

Western Areas announced the successful completion of the Placement. The Placement received support from existing shareholders and new shareholders including high-quality domestic and offshore institutions. Proceeds from the Placement will be used to complete the Odysseus development, advance organic growth projects at Forrestania and Cosmos and continue exploration. The Settlement of the Placement is scheduled to occur on 12 March 2021. New FPO shares issued under the Placement will rank equally with existing Company ordinary shares with effect from their issue.

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