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Wednesday, October 29, 2025

Krakatoa Resources: Appoints Mark Major as new CEO, raises $2.1M

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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.
  • Krakatoa Resources (KTA) has appointed Mark Major as its new CEO and has completed a $2.1 million placement
  • Mark is a qualified geologist with over 25 years of experience in the resource industry
  • Over the last 17 years, he has held senior management roles in junior and mid-tier resource companies
  • The company has completed its $2.1 million placement, which will used to advance its gold projects
  • Under the raise, Krakatoa issued 25 million shares at an issue price of 8.5 cents per share
  • On the market this afternoon, Krakatoa is up 5.32 per cent and is trading for 9.9 cents per share
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