News Column

Kemin Resources Raises GBP2.1 Million In Share Placing

June 25, 2014

Rowena Harris-Doughty



LONDON (Alliance News) - Kemin Resources PLC Wednesday said it has conditionally raised roughly GBP2.1 million in a share placing, funds it said it will use to continue to develop its tungsten and molybdenum assets in Kazakhstan.


The tungsten and copper exploration and development company said it placed a total of 22.8 million shares in the placing with institutional investors, at 9 pence per share.


Kemin Resources shares were up 4.7% at 8.90 pence Wednesday morning.


Besides using the proceeds to continue the development of its tungsten and molybdenum assets, Kemin also said it will use the funds for general working capital purposes.







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Source: Alliance News


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