White Rock Minerals Announces Equity Placement Facility

White Rock Minerals Ltd today announced that it has entered into a fully discretionary $7.2 million Equity Placement Facility  with the Kentgrove Capital Growth Fund, an investment fund managed by Melbourne-based investment firm Kentgrove Capital Pty Ltd.

Under the Agreement, Kentgrove Capital may provide White Rock with up to $7.2 million of equity capital via placements of fully-paid ordinary shares over the next 36 months, in a series of individual placements of up to $200,000 (or a higher amount by mutual agreement). Any proceeds raised from the Facility are intended to be used to for general corporate and working capital purposes.

Use of the Facility is at the Company’s sole discretion and drawdowns occur based on terms set by White Rock, including the timing, drawdown amount and minimum issue price.


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