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Kalamazoo Resources Ltd. ( (AU:KZR) ) just unveiled an update.
Kalamazoo Resources Limited has updated its previously announced securities purchase plan, advising the market that it has now arranged underwriting for the Share Purchase Plan (SPP). The move, disclosed in an updated Appendix 3B filing with the ASX, is intended to provide greater certainty over the capital to be raised under the SPP, strengthening the company’s funding position for its ongoing activities and potentially reducing capital-raising risk for existing shareholders and other stakeholders.
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 is an Australian-listed resources company (ASX: KZR), operating in the mining and exploration sector. The company is focused on acquiring and developing mineral resource projects, with its activities funded via equity capital raisings on the ASX.
Average Trading Volume: 726,426
Technical Sentiment Signal: Buy
Current Market Cap: A$45.94M
For a thorough assessment of KZR stock, go to TipRanks’ Stock Analysis page.