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The latest announcement is out from Kalamazoo Resources Ltd. ( (AU:KZR) ).
Kalamazoo Resources has confirmed the completion of a private placement of fully paid ordinary shares to sophisticated, professional and institutional investors, raising approximately A$8 million before expenses, and plans to offer a share purchase plan to eligible existing shareholders at the same issue price. The company has issued a cleansing notice confirming that the placement shares were issued without a prospectus under the Corporations Act, that it is compliant with its continuous disclosure and financial reporting obligations, and that this notice also applies to the forthcoming share purchase plan, providing regulatory clarity and facilitating secondary trading for investors.
The most recent analyst rating on (AU:KZR) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Kalamazoo Resources Ltd. stock, see the AU:KZR Stock Forecast page.
More about Kalamazoo Resources Ltd.
Kalamazoo Resources Limited (ASX: KZR) is an Australian-listed resources company active in mineral exploration and development. The company raises capital from sophisticated, professional, institutional and retail shareholders to fund its operations and growth initiatives in the resources sector.
Average Trading Volume: 723,121
Technical Sentiment Signal: Buy
Current Market Cap: A$50.77M
Learn more about KZR stock on TipRanks’ Stock Analysis page.