PROJECT FINANCE

Kin raises $11M as buffer against potential Sprott pull-out

KIN Mining’s troubled start to 2018 that has seen development of the Leonora Gold Project in Western Australia grind to a halt amid escalating cost concerns, appears not to have ruffled investor’s feathers, with Euroz Securities agreeing to underwrite an A$11.3 million capital raising.

Development interruptus at Leonora.

Development interruptus at Leonora.

Kin, which had $7.7 million in cash at April 9, had earlier flagged the raising, saying it needed the additional cash to cover its liabilities, including the potential for Sprott Private Resource Lending...

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