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White Rock seeks new funding

White Rock Minerals (AU:WRM), which has a drill rig contracted for its zinc chase in Alaska, is seeking to raise up to US$4 million to support the first drilling at Dry Creek and West Tundra Flats since the 1990s.

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The capital raising is split across a placement to raise US$1.2 million and a one-for-three partially underwritten pro-rata non-renounceable entitlement offer to raise up to US$2.8 million.