https://www.miningweekly.com

Kin raises cash for exploration drive

10th November 2021

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Junior Kin Mining has raised A$7-million in a one-for-6.5 rights issue, priced at 10.5c each.

The ASX-listed company on Wednesday reported that the company had received acceptances for more than 66.4-million new shares, with a shortfall of 56.5-million shares remaining.

“We are grateful for the continued support of our shareholders, who have provided strong support in the entitlements issue. The funds raised will enable us to maintain significant exploration momentum across the Cardinia gold project, where our systematic and multi-pronged approach to exploration and resource growth continues to pay dividends,” said MD Andrew Munckton.

“The current Phase 5 exploration program commenced in October and is well underway. An initial 3 000 m of reverse circulation drilling has recently been completed at Mt Flora and results from the maiden aircore drilling program at the new Pegasus target at Cardinia are imminent as we assess the multiple other exciting targets and emerging discoveries across the project. We are looking forward to a strong flow of news and announcements in the coming weeks.”

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 
MBE Minerals SA (Pty) Ltd
MBE Minerals SA (Pty) Ltd

Your global lifecycle technology & service partner for materials & minerals processing equipment for coal, iron ore, copper, manganese & other...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.051 0.657s - 128pq - 2rq
Subscribe Now