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An update from AuKing Mining Ltd ( (AU:AKN) ) is now available.
AuKing Mining Limited has successfully raised A$400,000 through a share placement to sophisticated investors and clients of GBA Capital. The funds will be used for working capital as the company continues to explore gold project opportunities in the Cloncurry region. The placement involves issuing 80,000,000 new shares and 40,000,000 options, with GBA Capital acting as the lead manager. This financial move supports AuKing’s strategy to expand its gold asset portfolio and maintain its growth trajectory.
More about AuKing Mining Ltd
AuKing Mining Limited is a company operating in the mining industry, focusing on gold project interests. The company is actively pursuing opportunities in the Cloncurry region of north-western Queensland, aiming to secure prospective gold assets to align with its growth objectives.
Technical Sentiment Signal: Sell
Current Market Cap: A$4.1M
For an in-depth examination of AKN stock, go to TipRanks’ Overview page.