Whitebark embarks on A$3M capital raise

CANADA-focussed Whitebark Energy has announced a non-renounceable, pro-rata entitlement offer to its existing shareholders to raise A$3 million to sandbag the company’s finances and continue maintenance work at its Wizard Lake development.

Whitebark embarks on A$3M capital raise Whitebark embarks on A$3M capital raise Whitebark embarks on A$3M capital raise Whitebark embarks on A$3M capital raise Whitebark embarks on A$3M capital raise

Whitebark said the offer has been structured and priced to encourage the participation of existing company shareholders who will be able to subscribe for 1 new share for every 3 shares they hold at