Norwest Minerals Limited raised AU$2.2 million through the placement

Norwest Minerals Limited (ASX: NWM) announced that it had received binding commitments from professional and sophisticated investors to raise AU$2.2 million via the placement. The placement includes the issue of 41,500,000 fully paid ordinary shares at an issue price of AU$0.053 per new share, and the issue price represents an 11.7% discount to the last closing price of AU$0.06 per share on 06th September 2022.

The fund raised through the placement will be used to increase the exploration activities at its wholly owned Bali copper project in Western Australia, first pass drilling of REE and IOCG targets at its Arunta West Project, and for the general working capital requirement.

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