Kalgoorlie Gold Mining (ASX:KAL) said it secured commitments to raise AU$4 million via an institutional placement, according to a Thursday Australian bourse filing.
It proposed the issuance of around 66.7 million new shares under the placement at an issue price of AU$0.06 per new share.
It will use the proceeds to accelerate exploration at its Pinjin gold project and the Lighthorse discovery in Western Australia, in addition to general working capital.
Canaccord Genuity (Australia) was the lead manager and bookrunner, while Palomar Advisory and Peak Asset Management were co-lead managers.
Its shares fell 4% in recent trading on Thursday.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。