Western Yilgarn NL (ASX: WYX) Secures $520k in Placement to Support Key Exploration Projects

Mon 31 Mar 25, 02:51 AM | Team Kalkine

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Highlights

Western Yilgarn NL (ASX: WYX) has successfully secured firm commitments from sophisticated investors to raise $520,000 before costs through a placement of 14,444,444 ordinary shares at an issue price of $0.036 per share. This funding will support the company's ongoing exploration projects, particularly at its Julimar West and New Norcia Bauxite-Gallium Projects.

In addition to the placement, Western Yilgarn is considering a potential bonus issue of loyalty options for shareholders in eligible jurisdictions, including Australia and New Zealand. The company has specified that the loyalty options will be available to shareholders registered on a record date, pending the completion of a separate prospectus.

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