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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.
Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae.
