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HomeBankingKogi Iron: Completes $2M raise

Kogi Iron: Completes $2M raise

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Kogi Iron: Completes $2M raise

  • Kogi Iron (KFE) has completed a two-phase capital raising to fund a Bankable Feasibility Study (BFS) at its Agbaja Plateau project
  • Agbaja is iron ore and cast steel mill project located in the Kogi State, Southern Nigeria in West Africa
  • The final phase of the capital raising, also including the share purchase plan (SPP), raised up to $2M
  • Kogi also announced it has settled the overdue amounts owing to one former and one current Director of the company
  • Kogi is up 52.94 per cent on market close, trading for 7.8¢ apiece

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