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The latest update is out from AuKing Mining Ltd ( (AU:AKN) ).
AuKing Mining Limited has successfully completed a two-tranche share placement, raising a total of A$1.17 million. The funds will be used to reduce the company’s short-term loan, support the acquisition of the Cloncurry Gold Project, and provide working capital. The placement was well-supported by professional and sophisticated investors, including company directors, and was managed by Peak Asset Management and SP Corporate Advisory. This financial move strengthens AuKing’s position as it progresses with its strategic acquisition plans, potentially enhancing its market presence and operational capabilities.
More about AuKing Mining Ltd
AuKing Mining Limited is an Australian company operating in the mining industry, primarily focused on the exploration and development of mineral resources. The company is actively involved in acquiring and developing gold projects, with a particular emphasis on the Cloncurry Gold Project.
Technical Sentiment Signal: Sell
Current Market Cap: A$4.33M
For detailed information about AKN stock, go to TipRanks’ Stock Analysis page.