Melbourne, Victoria – News Direct – 17 February 2023 – Kin Mining NL (ASX:KIN) MD Andrew Munckton tells Proactive the company has raised $7.13 million through a non-renounceable rights issue that closed on February 10, 2023. Kin offered one share for every three shares at an issue price of $0.055 and received valid applications for almost 130 million new shares, with a shortfall of some 219 million that may be placed within the next three months. Munckton says the funds will allow the company to maintain significant exploration momentum across the Cardinia Gold Project.
The issuer is solely responsible for the content of this announcement.
Follow Arabian Post
Select Arabian Post as your preferred source on Google and MSN News for trusted business news and Arab politics and updates.
Notice an issue?
Arabian Post strives to deliver the most accurate and reliable information to its readers. If you believe you have identified an error or inconsistency in this article, please don't hesitate to contact our editorial team at editor[at]thearabianpost[dot]com. We are committed to promptly addressing any concerns and ensuring the highest level of journalistic integrity.
