Rafaella Resources: Completes sale of Sandstone
- Rafaella Resources (RFR) has completed the sale of the Sandstone gold exploration project to Westar Resources
- Westar Resources is a private gold exploration company with projects in Western Australia
- Due to COVID-19, both companies have agreed to amend the terms of the sale
- Westar has elected to conduct a private fundraising to undertake the next steps of its strategy
- As a result, Rafaella has now received three million shares in Westar at the recent fundraising price of $0.05 per share, giving the company a five per cent stake
- Rafaella Resources remains steady on the market today, selling shares for 8.8 cents each at 10:27 am AEST
