Westgold Resources Limited (ASX: WGX) has announced that further to the in-specie distribution of Castile shares on a 1 for 4 basis completed on 28 November 2019, the entitlement issue has closed with excess applications for underwriters & sub-underwriters being scaled back.
Over the subsequent days, total shares of 99,844,305 shall be allocated. Castile has increased its planned capital of $19.969 million and is now adequately funded to maintain the exploration and development endeavours on its exciting Northern Territory polymetallic assets.
At AEST 01:01PM, the stock was trading at $2.200 per share, down by 1.786% from its previous close.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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