Kalamazoo Resources Ltd. (AU:KZR) has released an update.
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Kalamazoo Resources Ltd. is set to raise $1.275 million through a Share Purchase Plan (SPP) and a Placement, offering shares at a discounted price of $0.08 each. The funds will finance drilling at the promising Mallina West Gold Project and exploration in Victoria, including the antimony-rich South Muckleford Gold Project. All eligible shareholders can participate in the SPP, and Mutual Trust Pty Ltd., a substantial shareholder, is already committed to the Placement.
For further insights into AU:KZR stock, check out TipRanks’ Stock Analysis page.
