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Kingfisher Mining Ltd. ( (AU:KFM) ) just unveiled an announcement.
Kingfisher Mining Limited has announced the closure of its 1 for 2 pro rata non-renounceable entitlement offer, which resulted in the issuance of 19,305,435 New Shares and 9,652,734 New Options. The offer, priced at $0.04 per New Share with a free-attaching New Option, aimed to raise capital for the company. Despite a shortfall in the entitlement issue, the company plans to allocate the remaining shares and options as per its prospectus. This move is expected to impact Kingfisher’s capital structure, increasing its total securities to 98,123,168, and potentially strengthen its position in the mineral exploration industry.
More about Kingfisher Mining Ltd.
Kingfisher Mining Limited (ASX:KFM) is a mineral exploration company focused on enhancing shareholder value through the acquisition, exploration, and development of mineral resource projects across Australia. The company operates in New South Wales with a portfolio of Copper-Gold and Silver-Lead-Zinc projects and in Western Australia, where it has made significant discoveries of high-grade rare earth elements in the Gascoyne region.
Average Trading Volume: 182,743
Technical Sentiment Signal: Buy
Current Market Cap: A$5.6M
See more insights into KFM stock on TipRanks’ Stock Analysis page.