Kingston Resources Ltd. (AU:KSN) has released an update.
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Kingston Resources Ltd. is set to raise $8.4 million through a combination of a $6.4 million placement and a $2 million Share Purchase Plan, both priced at $0.075 per share. The funds will be used to accelerate exploration and expand production at their Mineral Hill site, with strong backing from existing shareholders. This strategic move aims to enhance Kingston’s production capabilities and bolster its financial position.
For further insights into AU:KSN stock, check out TipRanks’ Stock Analysis page.
