|Bid||0.1150 x 0|
|Ask||0.1200 x 0|
|Day's Range||0.1150 - 0.1150|
|52 Week Range||0.1100 - 0.4100|
|Beta (3Y Monthly)||0.36|
|PE Ratio (TTM)||5.00|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.23|
Western Resources Corp. (WRX.TO) ("Western" or the "Company") announces that it has closed the rights offering ("Rights Offering") announced on March 6, 2019. A total of 93,437,110 common shares of the Company ("Shares") will be issued to holders of Rights ("Rightholders") at a subscription price of C$0.12 per Share which represents gross proceeds of C$11,212,453.20. The total issued and outstanding capital of the Company following the completion of the Rights Offering will be 186,874,220 common shares. Pursuant to the terms of the Rights Offering, the Company issued 73,214,268 Shares to Rightholders under the Basic Subscription Privilege, including 47,652,927 Shares to Tairui Mining Inc. (“Tairui”) and 9,437,148 Shares to CBC (Canada) Holding Corp. (“CBC”), both of which are insiders of the Company by virtue of beneficial ownership of more than 10% of the total issued and outstanding common shares of the Company.
VANCOUVER, British Columbia, March 18, 2019 -- Western Resources Corp. (TSX: WRX) (FSE: WR0) (“Western” or “the Company”) is pleased to announce that its shareholders approved.
Western Resources Corp. (WRX.TO) ("Western" or the "Company") announces that it will conduct an offering (the "Rights Offering") of rights ("Rights") to raise gross proceeds of approximately C$11 million. Pursuant to the rights offering circular (the "Rights Offering Circular") and the notice of rights offering (the "Notice of Rights Offering"), each eligible registered shareholder of the Company resident in Canada holding common shares ("Share") as at the close of business on March 14, 2019 (the "Record Date") will receive one (1) Right for every one (1) Share held. Shareholders who fully exercise their Rights under the Basic Subscription Privilege will also be entitled to subscribe for additional Shares, on a pro rata basis, if available as a result of unexercised Rights prior to the Expiry Time (the "Additional Subscription Privilege"), subject to certain limitations as set out in the Company's Rights Offering Circular.
Western Resources Corp. (WRX.TO) (WR0.F) (“Western” or “the Company”) is pleased to announce that it has filed its audited 2018 fiscal year Consolidated Financial Statement, the Management Discussion & Analysis report, and the Annual Information Form (AIF) on Sedar on December 20, 2018. Highlights of the corporate developments over the past fiscal year are closely related to the development of the Company’s Milestone Potash Solution Mining Project located 35 km southeast of Regina, Saskatchewan. As reported in its news release dated June 17, 2018, the Company has engaged SNC-Lavalin Inc. (“SNCL”) to complete the detailed engineering for the Milestone Phase I Selective Solution Mining Project (Phase I Project). Detailed engineering deliverables are on track to be completed in early 2019, ready for final tendering and construction.