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K92 Mining closes C$50 million bought deal financing

Kitco News

K92 Mining (TSX: KNT) announced today that it closed its bought deal private placement for aggregate gross proceeds of CAN$50,000,875. The company issued 5,405,500 common shares at a price of CAN$9.25 per share.

Funds will be used for continued exploration near the Kainantu Mine and regionally, continued expansion of the Kainantu Mine, as well as working capital.

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