China Kingstone Mining Completes Rights Issue and Placing, Raising HK$16.63 Million

China Kingstone Mining Holdings Ltd ( (HK:1380) ) just unveiled an announcement.

China Kingstone Mining Holdings Ltd announced the results of its Rights Issue, which offered two Rights Shares for every five existing shares. The Rights Issue and subsequent Placing resulted in the successful placement of 80,500,000 Unsubscribed Rights Shares to a single placee, raising approximately HK$16.63 million in gross proceeds. The net proceeds of approximately HK$15.43 million will be used for general working capital and potential business opportunities, including possible cooperations involving gold mining rights in southern Chile.

More about China Kingstone Mining Holdings Ltd

China Kingstone Mining Holdings Ltd is a company incorporated in the Cayman Islands and continued in Bermuda with limited liability. It operates in the mining industry, focusing on the extraction and processing of mineral resources.

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €4.6M

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