KalGold’s Share Purchase Plan Exceeds Targets

Kalgoorlie Gold Mining Limited (AU:KAL) has released an update.

Kalgoorlie Gold Mining Limited (KalGold) has successfully closed an oversubscribed Share Purchase Plan (SPP), raising $602,000, which exceeded their $500,000 target. The company will use the additional funds to accelerate drilling and other work programs at their Pinjin project, with current operations nearing completion at several key sites. Investors showed strong support, with the board opting to accept all valid applications in gratitude for their long-term backing.

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