FinTechFunding

Kairos Minerals: Receives firm commitments for $9M placement

  • Kairos Minerals (KAI) has received firm commitments to undertake a $9 million share placement
  • The funds will raised via the issue of 180 million fully-paid ordinary shares to sophisticated and professional investors at five cents each
  • Participants will also receive one free attaching option for every two shares subscribed for, exercisable at eight cents with expiry three years from issue
  • Kairos will use the funds to progress drilling at the Fuego prospect and undertake campaigns at the Mt York, Kangan, and Skywell projects
  • The money will also go towards exploration and regional activities at the Pilbara Gold Project as well as general working capital
  • Kairos is steady on the market and shares have been trading for 6.6 cents since September 18
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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