AuKing Mining Completes $2.13m placement, plans fresh appeal for revoked Manyoni licences
- AuKing Mining (AKN) completes the second tranche of its capital raising to pocket $2.13 million
- With approval from shareholders, the placement saw the issue of 21.3 million shares at 10 cents per share and 10.6 million free-attaching options exercisable at 20 cents before September 30, 2025
- It follows AKN’s recent acquisition of a “substantial” portfolio of assets in Tanzania that it considers prospective for uranium and copper development opportunities
- The funding will allow AuKing to launch its proposed drilling programs at the Manyoni and Mkuju uranium projects in Tanzania, plus pursue its appeal against two revoked prospecting licences at Manyoni
- AuKingMining shares are up 11.86 per cent to 6.6 cents at 10:08 am AEDT
