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Kingsland Minerals Ltd. ( (AU:KNG) ) has issued an announcement.
Kingsland Minerals Ltd has successfully concluded its Share Purchase Plan (SPP), receiving strong support with oversubscribed applications totaling A$543,000. This follows the completion of their Scoping Study for the Leliyn Graphite Project and a private placement of new shares. The funds raised will be used to advance exploration projects, including the Leliyn Graphite Project, and for working capital. The issuance of new shares increases the total to 84,562,346 fully paid ordinary shares.
More about Kingsland Minerals Ltd.
Kingsland Minerals Ltd is an exploration company with assets in the Northern Territory and Western Australia. The company focuses on exploring and developing the Leliyn Graphite Project, one of Australia’s significant graphite deposits, and also owns the Cleo Uranium Deposit and the Lake Johnston Project, which is prospective for lithium mineralization.
Average Trading Volume: 241,855
Technical Sentiment Signal: Hold
Current Market Cap: A$10.4M
For a thorough assessment of KNG stock, go to TipRanks’ Stock Analysis page.