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KINGFISHER MINING LTD — Capital/Financing Update 2022
Sep 19, 2022
65177_rns_2022-09-19_57b3eef1-e917-4848-9646-7eaaa9cf4ff8.pdf
Capital/Financing Update
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ASX Announcement: 20 September 2022
CORPORATE PROFILE
Shares on issue: 52,250,001 Unlisted options: 10,500,000 Cash: $2.2M (30 June 2022) Market Capitalisation: $28.7M* Debt: Nil
PROJECTS
MICK WELL AND KINGFISHER
Breakthrough high grade rare earth elements discovery in the Gascoyne region of Western Australia
BOOLALOO
Exciting copper and gold potential in the Ashburton region of Western Australia
CORPORATE DIRECTORY
Kingfisher Completes $4.25M Placement
One for Five Loyalty Option to be Announced
Kingfisher Mining Limited ( ASX:KFM ) (“ Kingfisher ” or the “ Company” ) is pleased to announce it has completed a placement of 10,000,000 new shares at an issue price of $0.425 per share (“ Placement Shares ”), to raise $4.25 million before costs.
The Company also intends to complete a Loyalty Option Offer to all shareholders after the issue of the Placement Shares. The Loyalty Option Offer will offer one new Loyalty Option for every five shares held at the record date at a grant price of $0.005 per new Loyalty Option. The Loyalty Options will be exercisable at $0.70 on or before 30 May 2025. Subject to meeting ASX’s quotation conditions, the Company will seek to have the Loyalty Options listed on the ASX.
A timetable with a record date for the Loyalty Option Offer will be announced shortly.
This announcement has been authorised by the Board of Directors.
Ends
WARREN HALLAM
Non-Executive Chairman
JAMES FARRELL
Executive Director and CEO
For further information, please contact:
Kingfisher Mining Limited
James Farrell, Executive Director Ph: +61 (08) 9481 0389 E: [email protected]
ADAM SCHOFIELD
Non-Executive Director
SCOTT HUFFADINE
Non-Executive Director
STEPHEN BROCKHURST
Company Secretary
MEDIA & INVESTOR ENQUIRIES
Peter Taylor, NWR Communications P: +61 412 036 231 E: [email protected]
ABN: 96 629 675 216
P: +61 8 9481 0389 E: [email protected]
Unit 2, 106 Robinson Avenue Belmont WA 6104 AUSTRALIA
Media & Investor Enquiries
Peter Taylor, NWR Communications Ph: +61 412 036 231 E: [email protected]
About Kingfisher Mining Limited
Kingfisher Mining Limited ( ASX:KFM ) is a mineral exploration company committed to increasing value for shareholders through the acquisition, exploration and development of mineral resource projects throughout Western Australia. The Company’s tenements and tenement applications cover 1,676km[2] in the underexplored Ashburton and Gascoyne Mineral Fields.
The Company has made a breakthrough high grade rare earth elements discovery in the Gascoyne region where it holds a target strike length of more than 50km along the mineralised corridor and has secured significant landholdings across the interpreted extensions to its advanced copper-gold exploration targets giving it more than 30km of strike across the Boolaloo Project target geology.
To learn more please visit: www.kingfishermining.com.au
***** Based on a share price of $0.55 as of 19 September 2022
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ASX KFM