AuKing Mining Ltd (AU:AKN) has released an update.
AuKing Mining Ltd has announced an entitlement offer to raise A$1.48M by issuing new shares at a discount, aiming to finance exploration projects in Tanzania, Canada, and for general working capital. The offer includes a 2 for 3 entitlement basis with additional options and is open to eligible shareholders in Australia and New Zealand, excluding the United States. The funds will support various drilling and survey programs, with the offer not being underwritten, but with placement assistance for any shortfalls.
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