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Kingfisher Mining: Raise $4.25m for Gascoyne exploration

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Kingfisher Mining Raise $4.25m for Gascoyne exploration

  • Kingfisher Mining (KFM) is set to raise $4.25 million from private investors in its first capital raise since listing on the ASX in December 2020
  • The company plans to issue 10 million shares at 42.5 cents to raise the funds, with the money to go towards rare earth elements exploration in WA’s Gascoyne region
  • The company says this exploration work will build on successful discoveries already made in the area and will include drilling and geophysical survey work
  • In addition to the placement, the company’s directors have committed to investing $270,000 in the company at the placement price, subject to shareholder approval
  • Shares in the company are up 9.89 per cent and trading at 50 cents at 1:36 pm AEST

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