King River Resources Completes Share and Option Placement to Raise AUD2Mn

  • Jul 27, 2020 AEST
  • Team Kalkine

Australian exploration company, King River Resources Limited (ASX: KRR) has completed the placement of 66,666,669 shares plus one free attaching option (for every two shares issued), to raise AUD 2 million from professional and sophisticated investors. 

Each option has an exercise price of AUD 0.06 and an expiry date of 31 July 2022.

The company has indicated plans to direct the funds raised towards bringing forward the gold exploration programmes at Mt Remarkable and Tennant Creek projects. KRR had recently announced that it would commence the gold exploration programmes from next month. 

 


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