White Rock Minerals Ltd (ASX:WRM) Rights Issue Closure and Shortfall Announcement

White Rock Minerals Limited (ASX:WRM) advises that its recent 2 for 3 pro-rata non-renounceable entitlement offer (Entitlement Offer) closed on 13 November 2019. White Rock advises that it raised a total of $997,109 under the Entitlement Offer.

White Rock received acceptances in respect of 199,421,669 shares. The number of shares offered under the Entitlement Offer was 1,090,971,907 shares resulting in a shortfall of 891,550,238 shares.

The new shares under the Entitlement Offer are expected to be issued on 19 November 2019, with trading to commence on 20 November 2019. In addition, 66,474,022 options under the Entitlement Offer exercisable at $0.01 (1 cent) and expiring 4 November 2022 are expected to be issued on 19 November 2019.

The Directors have reserved the right to place any or all of the remaining 891,550,238 shortfall shares within three months after the closing date of the Entitlement Offer. The Company has received expressions of interest for shortfall shares during the offer period of the Entitlement Offer.

The Directors wish to thank all participating shareholders and investors for their support.

For further information, contact:
Matthew Gill or Shane Turner
Phone: +61-3-5331-4644
Email: info@whiterockminerals.com.au
www.whiterockminerals.com.au

For Media and Broker queries:
Peta Baldwin
Phone: +61-455-081-008
Cannings Purple
Email: pbaldwin@canningspurple.com.au