The latest update is out from KGL Resources Limited ( (AU:KGL) ).
KGL Resources Limited has announced a 1 for 8 pro-rata traditional non-renounceable entitlement offer to raise approximately $7.7 million. The funds will be primarily used to advance the Jervois Project towards production, including project funding, execution planning, and covering corporate and site overheads. The offer is not underwritten and requires a minimum raise of $3 million, with substantial shareholder KMP Investments Pte. Ltd. committing to take up its full entitlement. However, the offer is limited to eligible shareholders in Australia and New Zealand, excluding those in the United States and certain other jurisdictions due to regulatory and cost considerations.
More about KGL Resources Limited
YTD Price Performance: -6.78%
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $42M
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