KIN - Kin Mining raises $7.1 million with Phase 6 drilling at Cardinia set to continue

(NewsDirect)

Kin Mining NL (ASX:KIN) MD Andrew Munckton tells Proactive thecompany has raised $7.13 million through a non-renounceable rightsissue that closed on February 10, 2023. Kin offered one share forevery three shares at an issue price of $0.055 and received validapplications for almost 130 million new shares, with a shortfall ofsome 219 million that may be placed within the next three months.Munckton says the funds will allow the company to maintain significantexploration momentum across the Cardinia Gold Project.

ContactDetails

Proactive Investors

JonathanJackson

+61 413 713 744

Jonathan@proactiveinvestors.com

Copyright (c) 2023 TheNewswire - All rights reserved.