Wia Gold Limited announces an AU$6.6 million placement

Wia Gold Limited (ASX: WIA) announced that it had received firm commitments from sophisticated and professional investors to raise AU$6.6 million. The placement comprised the issue of approx. 110,000,000 fully paid ordinary shares at an issue price of AU$0.06 per new share, and the issue price represents a 6.3% discount to the last traded price and a 10.9% discount to the five-day volume weighted average price.

The funds raised via the placement will be used in the company’s continuing exploration activities in Namibia and Côte d’Ivoire and for the general working capital requirement. The placement completion is subjected to the approval of Wia Gold Limited’s shareholders, with an EGM likely to be held on or around 11 October 2022.

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