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30 May

Widgie Nickel raises funds for Mt Edwards nickel project

Australian miner Widgie Nickel has announced the successful completion of an AUD 12 million ($7.85m) placement at AUD 0.26 per share, in an oversubscribed placement. VIC, a subsidiary of Ascend Global Investment Fund SPC (AGIF SPC), will subscribe for approximately 29.5 million shares at AUD 0.26 per share under the placement. This will give the company a 9.9% interest in Widgie Nickel, Kallanish learns. The proceeds raised will be primarily used to fund explorat…
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