Wiluna Mining Corporation Limited announced a private placement of 53,000,000 common shares at a price of AUD 1 per share for gross proceeds of AUD 53,000,000 on November 21, 2021. The transaction will be completed in two tranches. The company will issue 34,800,000 shares will be placed pursuant to the Company?s existing placement capacity for the gross proceeds of AUD 34,800,000 and the remaining 18,200,000 shares being subject to shareholders approval at a General Meeting to be held around the end of December 2021. The transaction will include participation from existing investor, DELPHI Unternehmensberatung Aktiengesellschaft which will invest AUD 17,850,000, new investor, Polymetal International plc which will invest AUD 7,000,000 and individual investor, Vladislav Sviblov which will invest AUD 15,000,000. The transaction has been approved by the shareholders. The transaction is expected to be close on November 29, 2021. On December 3, 2021, the company announced that it will hold shareholders meeting on January 6, 2022.