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White Cliff Minerals Ltd

White Cliff Minerals substantial shareholder further increases stake to 12.15%

The company has a dual strategy to advance its cobalt-nickel projects in WA as well as its high-grade Aucu Gold-Copper Project in the Kyrgyz Republic.

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The company also raised up to $1.15 million earlier this month to develop key WA projects

White Cliff Minerals Ltd (ASX:WCN) substantial shareholder Denman Income Limited has further increased its stake in the company to 12.15%.

Denman bought about 6.79 million shares on-market today, bringing its total number of follow-on public offer (FPO) shares to 57,168,400.

READ: White Cliff Minerals’ substantial shareholder increases stake to 10.71%

The move follows last week’s purchase of 35.19 million shares worth $175,937 by participating in White Cliff’s rights issue and shortfall placement.

Quick facts: White Cliff Minerals Ltd

Price: $0.01

Market: ASX
Market Cap: $3.29 m
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