PROJECT FINANCE

KGL seeks further capital injection

KGL Resources is going back to the markets for the second time this year, raising a further A$8 million to advance its flagship Jervois project in the Northern Territory toward the development financing stage.

KGL is preparing its mine plan.

KGL is preparing its mine plan.

The one-for-eight non-renounceable entitlement offer is priced at 23c, a 6.1% discount to the last closing price.   It has the backing of major shareholders: Indonesia-based KMP Investments; US investor...

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