PROJECT FINANCE

KGL seeking cash for copper acceleration

WITH an advanced copper project in the Northern Territory and a predicted shortage in new sources for the red metal flagged by some, KGL Resources has elected to launch a new non-renounceable entitlement offer seeking up to A$20.2 million at 12c per share as it seeks to make the leap from explorer to producer.

 KGL is one of the most advanced pure play copper explorers on the ASX

KGL is one of the most advanced pure play copper explorers on the ASX

The offer comes with a minimum raise requirement of $9 million, with $8.6 million being offered by KGL's major shareholders, KMP Investments, Marshall Plenty Investments and entities associated with executive...

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