Koonenberry Gold Limited (AU:KNB) has released an update.
Koonenberry Gold Limited has successfully closed its Rights Issue, raising a total of $759,524.35, and has secured additional funds through a placement worth $700,000, targeting professional investors. These efforts have amassed approximately $2.35 million before costs, which will fund accelerated exploration and drilling at the Atlantis Cu-Au and Bellagio Au Prospects. Shares and options from the Rights Issue and Placement are scheduled to be issued on April 26, with trading expected to commence on April 29.
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