WA Kaolin farms some cash as production ramps up

WA KAOLIN is aiming to bring in A$7.5 million of funding for its Wickepin operation in Western Australia, including up to $6.5 million in equity at 15c per new share and $1 million in a convertible loan backed by the company’s executive director Alf Baker and CEO Andrew Sorensen.

WA Kaolin farms some cash as production ramps up WA Kaolin farms some cash as production ramps up WA Kaolin farms some cash as production ramps up WA Kaolin farms some cash as production ramps up WA Kaolin farms some cash as production ramps up

The loan can convert at the same share price of 15c per share.

The company raised about $7 million in equity early this year at 18c per share.

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