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Kalgoorlie Gold Mining Issues New Shares to Strengthen Financial Position

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Kalgoorlie Gold Mining Issues New Shares to Strengthen Financial Position

Kalgoorlie Gold Mining Limited ( (AU:KAL) ) has provided an update.

Kalgoorlie Gold Mining Limited has issued over two million fully paid ordinary shares at a price of $0.032 each, without disclosure to investors under the Corporations Act 2001. This strategic move aligns with regulatory compliance and indicates the company’s efforts to bolster its financial position, potentially impacting its market operations and stakeholder interests positively.

More about Kalgoorlie Gold Mining Limited

Kalgoorlie Gold Mining Limited operates in the mining industry, focusing on gold exploration and production. The company is based in West Perth, Australia, and is involved in the development and extraction of gold resources.

YTD Price Performance: 215.00%

Average Trading Volume: 5,515,910

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$19.09M

Find detailed analytics on KAL stock on TipRanks’ Stock Analysis page.

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