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Great Western Mining raises £3.25m to advance Nevada tungsten project
['Amilia Stone']
News – DirectorsTalk Interviews
Great Western Mining raises £3.25m to advance Nevada tungsten projectGreat Western Mining Corporation PLC (LON:GWMO), a strategic minerals exploration and development company, has announced an oversubscribed fundraise of £3,250,000 before expenses at 1.4p, reflecting strong investor demand following the confirmation of significant tungsten mineralisation at its Pine Crow-Defender project in Mineral County, Nevada.
In addition, Placing Participants will be issued with one warrant for every one Placing Share subscribed for.
The Placing Shares, when issued, will rank pari passu in all respects with the existing ordinary shares of the Company.
Application will be made for the Placing Shares to be admitted to trading on AIM and Euronext Growth markets.
Total Voting RightsFollowing Admission of the Placing Shares, the Company’s issued ordinary share capital will comprise 411,832,131 ordinary shares of €0.0001 each.