Western Star Resources Closes $3.7M Oversubscribed Private Placement to Fund Tungsten Exploration
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Western Star Resources has successfully closed two private placements, raising a total of $3,693,713. This includes an oversubscribed non-brokered placement of $3,193,713 and a flow-through offering of $500,000. The company also announced the appointment of Mr. Monty Sutton as a Director. This significant capital raise, which the CEO states brings total cash to over $6 million, is crucial for Western Star Resources, a junior mineral exploration company. It provides the necessary funding to execute multiple drill programs on its past-producing tungsten asset in Nevada and advance its critical metals strategy, substantially de-risking its operational plan. Traders should monitor the progress of these exploration programs and future results from the Nevada tungsten project.
At the time of this announcement, WSRIF was trading at $0.56 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $20.3M. The 52-week trading range was $0.03 to $3.68. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: TheNewswire.