Killi Resources Limited (ASX: KLI) is undertaking a fully underwritten A$1,430,000 pro rata non-renounceable entitlement offer.
Canaccord Genuity (Australia) Limited is acting as Lead Manager and underwriter to the Issue.
* Killi to raise approximately A$1.4M by way of a fully underwritten non-renounceable entitlement offer.
* Eligible shareholders may subscribe for 1 share for every 2 shares held and will receive 1 free- attaching option for every two shares subscribed for.
* Fully underwritten by Canaccord Genuity, and sub-underwritten by the Directors and CEO of Killi.
* Funds raised will be used to further progress Killi’s exploration activities at its Ravenswood North, Mt Rawdon West and West Tanami Projects.
* Drilling is currently underway at the highly prospective Ravenswood North project which is analogous to the Ravenswood 8Moz gold deposit 53 kms along strike.
The company is currently undertaking a high impact drilling program at its Ravenswood North Project in Queensland which is located close to and is analogous in geology to the significant Ravenswood Deposit and the Mt Leyshon Deposit. With drilling underway, first results are expected in the next six to eight weeks. The company will also continue to progress its Mt Rawdon West and West Tanami Projects.
For further information please visit: https://killi.com.au/
