KGL raises cash to advance Jervois
ASX-listed KGL Resources has announced a A$20.2-million capital raise to fund resource expansion and project development at its Jervois copper project, in the Northern Territory. The company has announced a proposed 10-for-27 pro-rata traditional non-renounceable entitlement offer priced at 12c each, with up to 168.4-million new shares up on offer, raising a minimum of A$9-million and a maximum of A$20.2-million.