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MACRO METALS LIMITED — Capital/Financing Update 2018
Feb 4, 2018
65283_rns_2018-02-04_16a3f222-584d-4ca5-80e1-9993e8e34917.pdf
Capital/Financing Update
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5 February 2018
Share Placement Top Up
Kogi Iron Limited (ASX: KFE, “Kogi”, “the Company”) is pleased to announce that further to the announcement made on Friday 2 February 2018 the company has accepted firm placement commitments from professional and sophisticated investors to raise an additional A$90,000 to bring the total placement raising to A$ 2,000,000 before costs.
The placement of 20 million ordinary fully paid shares at 10 cents will be completed pursuant to the Company’s 15% placement capacity under ASX Listing Rule 7.1.
Funds raised pursuant to the share placement will be used to fund testwork programs for the Agbaja Project, executive recruitment and salary costs, in-country costs and to provide working capital.
For more information, please contact:
Kogi Iron Limited Tel (office): +61 8 9200 3456 Email: [email protected]
KFE Capital Summary Board of Directors Contact Ordinary Shares: 592,154,685 Dr Ian Burston – Non Executive Chairman Unit 23, 4 Ventnor Avenue, Unlisted options: 29.8m Mr Kevin Joseph – Executive Director West Perth WA 6005 Share price: $0.115 Mr Don Carroll – Non Executive Director Tel : +61 8 9200 3456 Market capitalisation: $68m Mr Michael Tilley – Non Executive Director Email: [email protected] Mr Martin Wood – Managing Director W: www.kogiiron.com