White Rock seeks cash

WHITE Rock Minerals, which has a drill rig contracted for its zinc chase in Alaska, is seeking to raise up to A$5.2 million to support the first drilling at Dry Creek and West Tundra Flats since the 1990s.

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Red Mountain is a promising zinc play.

The capital raising is split across a placement to raise $1.6 million and a 1-for-3 partially underwritten pro-rata non-renounceable entitlement offer to raise up to $3.6 million.