CAPITAL MARKETS

RCF backs copper play KGL

LOW profile successful copper explorer KGL Resources has attracted well known private equity fund Resource Capital Funds to its share register, with a A$12.4 million raising initiated by the ASX-listed company to include $3 million from the investment firm.

Michael Quinn
RCF backs copper play KGL

The raising is being priced at 30c per share, and will also see KGL’s chairman Denis Wood again backing the company with his own money – this time tipping in $1.1 million. Wood, a qualified metallurgist...

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