ANNOUNCEMENT TO THE AUSTRALIAN SECURITIES EXCHANGE | April 21, 2017 | ASX:WCP
THIS ASX ANNOUNCEMENT IS NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES
WCP Resources Limited (“WCP” or “Company”) (ASX: WCP) is pleased to announce that it has completed its previously announced placement of 56 million shares at an issue price of A$0.09 per share to institutional and sophisticated investors predominately based in the United States to raise gross proceeds of A$5 million (“Placement”).
Proceeds from the Placement will be used to accelerate the Company’s planned exploration and development activities at its Piedmont Lithium Project (“Project”) located in the Carolina Lithium Belt in the United States, including completion of additional drilling, completion of a maiden lithium resource estimate, and commencement of technical studies for the Project.
A Section 708A Notice is attached.
For further information, contact:
President & CEO (elect)
T: +1 973 809 0505
T: +1 347 899 1522