Kalgoorlie Gold Mining Limited (AU:KAL) has released an update.
Kalgoorlie Gold Mining Limited invites its shareholders to participate in a Share Purchase Plan (SPP) with the opportunity to buy new shares at a fixed price of A$0.026 each, mirroring the terms of its recent placement to major investors. Shareholders can also apply for free attaching options and potential bonus options upon early exercise, subject to shareholder approval, with the aim to fund various drilling programs and general working capital. The offer, which is not underwritten, seeks to allow shareholders to increase their investment without brokerage fees, with applications open until the end of August 2024.
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