Westar Resources Raises AU$1.49 million to Advance Exploration Strategy.
Westar Resources Limited (ASX: WSR) has secured firm commitments to raise AU$1.49 million (before costs) through a two-stage placement to sophisticated and professional investors. The proceeds will be directed toward advancing exploration programs, strengthening working capital, undertaking due diligence on prospective projects, and covering expenses related to the capital raising.
The first tranche includes the issue of 40 million shares at AU$0.006 under the company’s existing placement capacity. The second tranche, subject to shareholder approval, will consist of 250 million shares at AU$0.005. Both issue prices were set at a discount to the recent five-day volume weighted average price, reflecting prevailing market conditions. CPS Capital Group has been appointed as lead manager and will receive placement and management fees, along with options exercisable within three years. A shareholder meeting is anticipated in early April 2026 to approve the second tranche.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Westar Resources Raises AU$1.49 million to Advance Exploration Strategy.
Westar Resources Limited (ASX: WSR) has secured firm commitments to raise AU$1.49 million (before costs) through a two-stage placement to sophisticated and professional investors. The proceeds will be directed toward advancing exploration programs, strengthening working capital, undertaking due diligence on prospective projects, and covering expenses related to the capital raising.
The first tranche includes the issue of 40 million shares at AU$0.006 under the company’s existing placement capacity. The second tranche, subject to shareholder approval, will consist of 250 million shares at AU$0.005. Both issue prices were set at a discount to the recent five-day volume weighted average price, reflecting prevailing market conditions. CPS Capital Group has been appointed as lead manager and will receive placement and management fees, along with options exercisable within three years. A shareholder meeting is anticipated in early April 2026 to approve the second tranche.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au