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Kingfisher Mining Ltd. ( (AU:KFM) ) just unveiled an announcement.
Kingfisher Mining Limited has announced the dispatch of a prospectus for a non-renounceable entitlement offer, allowing eligible shareholders to purchase new shares at $0.04 each, aiming to raise approximately $1.33 million. This initiative, which includes free attaching options, is part of the company’s strategy to bolster its financial position and support ongoing exploration and development activities, potentially enhancing its market standing and offering value to stakeholders.
More about Kingfisher Mining Ltd.
Kingfisher Mining Limited (ASX:KFM) is a mineral exploration company focused on increasing shareholder value through the acquisition, exploration, and development of mineral resource projects in Australia. The company has a significant presence in New South Wales with copper-gold and silver-lead-zinc projects, as well as in the Gascoyne Mineral Field in Western Australia, where it has made notable discoveries of high-grade rare earth elements.
Average Trading Volume: 192,823
Technical Sentiment Signal: Buy
Current Market Cap: A$4.18M
For a thorough assessment of KFM stock, go to TipRanks’ Stock Analysis page.