KGL Resources Announces Share Entitlement Offer

KGL Resources Limited (AU:KGL) has released an update.

KGL Resources Limited is inviting shareholders to participate in an entitlement offer to purchase new shares at $0.10 each, aiming to raise approximately $15.1 million for the company’s strategic objectives. Shareholders have the option to acquire four new shares for every fifteen they own, with the offer closing on 25 July 2024. This capital raise will see the new shares ranking equally with existing shares once issued.

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