Relief all around as Widgie confirms 'exceptional' hit
Assays back up pXRF indications of nickel bonanza at 132N deposit
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Assays back up pXRF indications of nickel bonanza at 132N deposit
Social media SNAFU forces pXRF bonanza disclosure as standalone nickel strategy takes shape
Widgie Nickel has secured A$12m ($7.9m) in a placement to finance its development and exploration activities.
Junior Widgie Nickel will raise A$12-million from sophisticated and professional investors, with the company on Monday introducing a new significant shareholder Widgie will issue more than 46.1-million shares, at a price of 26c each under its existing placement capacity, raising A$12-million. Virtue Investment Corporation (VIC), a subsidiary of Ascend Global Investment Fund, will subscribe for some 29.5-million of these shares, worth A$7.66-million, giving the company a 9.9% interest in Widgie.
Oversubscribed placement to boost coffers as nickel and lithium developments advance