SYDNEY (Yosefardi) – ASX-listed Western Mining Network Limited (WMN) has entered into an underwriting agreement with Allignment Capital Pty Ltd in respect to the company’s listed option, providing with quaranteed funds of approximately $2.03 million.
The funds received from the exercise of options will be allocated towards exploration on the Tamboli project as well as the company’s existing projects – Genesis and Persada.
The due diligence on the Tamboli slate project is progressing well. WMN prepares for core drilling at Tamboli. PT Makongga Sejahtera, the holder of Tamboli, has recently completed a significant amount work.