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An announcement from Kuniko Ltd. ( (AU:KNI) ) is now available.
Kuniko Ltd. has announced the closure and results of a partially underwritten rights issue, raising A$1.2 million to fund the Commonwealth Gold-Silver Project. The proceeds will be used for technical studies, drill preparation, and initial exploration, with the remaining funds allocated to working capital. The rights issue involved a 1-for-3 non-renounceable entitlement offer at A$0.07 per share, with free attaching options. The company plans to issue new shares and options shortly, and GBA Capital, the underwriter, has the right to place any shortfall within three months.
More about Kuniko Ltd.
Kuniko Ltd. operates in the mining industry, focusing on advancing silver, gold, and base metals projects in Australia, as well as battery metals projects in Europe. The company targets critical and strategic minerals essential for energy transition and security, ensuring ethical sourcing.
Average Trading Volume: 75,548
Technical Sentiment Signal: Sell
For a thorough assessment of KNI stock, go to TipRanks’ Stock Analysis page.