One for Five Loyalty Option to be Announced
HIGHLIGHTS
Kingfisher Mining Limited (ASX:KFM) (“Kingfisher” or the “Company”) is pleased to
announce it has completed a placement of 10,000,000 new shares at an issue price of
$0.425 per share (“Placement Shares”), to raise $4.25 million before costs.
The Company also intends to complete a Loyalty Option Offer to all shareholders after
the issue of the Placement Shares. The Loyalty Option Offer will offer one new Loyalty
Option for every five shares held at the record date at a grant price of $0.005 per new
Loyalty Option. The Loyalty Options will be exercisable at $0.70 on or before 30 May
2025. Subject to meeting ASX’s quotation conditions, the Company will seek to have
the Loyalty Options listed on the ASX.
A timetable with a record date for the Loyalty Option Offer will be announced shortly.
This announcement has been authorised by the Board of Directors.