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Western Ridge Resources Limited (ASX:WRX)

ALERT: Price-sensitive ASX Announcement for WRX
Current share price for WRX : $0.027 0.005 (22.73%)+
Announcement
Release
12 Aug 2026 8:17AM
Price at Release
$0.022
Full Release
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Summary
Western Ridge Resources Limited announced a successful capital raising initiative, acquiring firm commitments from investors to raise $680,000 through the issuance of approximately 34 million new shares at $0.02 each. Additionally, directors have committed to contribute $120,000 pending shareholder approval. The raised funds will be employed to advance exploration at the Keystone Project in Nevada, specifically for initiating the company's first modern drilling program at the historic Keystone Mine, slated for September 2026. The funds will also cover tenement maintenance and working capital. The placement was executed independently by the company, ensuring maximum allocation of funds towards exploration efforts.
Key Points
  • Firm commitments received to raise $680,000 at $0.02 per share.
  • Directors committed to subscribe for $120,000 subject to shareholder approval.
  • Placement strengthens funding for Keystone Project drilling in September 2026.
  • Drilling to follow-up high-grade silver and gold results at Keystone.
  • Placement is unbrokered, maximizing funds for exploration.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.