WestStar Industrial Limited announced that it will issue 152,200,000 share at a price of AUD 0.023 per share for gross proceeds of AUD 3,500,000 on November 10, 2021. The transaction will include participation from institutional and sophisticated investors. The investors will also receive one free attaching unlisted option exercisable at AUD 0.03 expiring 18 months from issue for every two shares. The company will issue 76,086,960 options to the investors in the transaction. The transaction is expected to close on November 18, 2021.