Westar Resources Ltd. (AU:WSR) has released an update.
Westar Resources Limited recently concluded its entitlement offer, raising approximately $0.28 million before costs through the issuance of over 28 million new shares. The offer, which was open to all shareholders, resulted in a shortfall that the company may place at its discretion within a three-month period. The funds raised are intended for the Uley North Project acquisition option, exploration activities, and general working capital needs.
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