KGL Resources Limited (AU:KGL) has released an update.
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KGL Resources Limited has launched a 4 for 15 pro-rata non-renounceable entitlement offer to raise approximately $15.1 million, with new shares priced at $0.10 each. Eligible Shareholders are those in Australia or New Zealand, or as determined by the company, excluding certain international shareholders due to regulatory and cost constraints. The offer is non-renounceable, meaning shareholders who do not meet the criteria will not receive any value for lapsed entitlements.
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