Kalamazoo Resources Limited has launched an AU$1.0 million Share Purchase Plan and an AU$0.275 million Placement

Kalamazoo Resources Limited (ASX: KZR) offer existing shareholders the opportunity to participate in a Share Purchase Plan and a Placement, aiming to raise AU$1.275 million at AU$0.08 per fully paid ordinary share. This equity raise plan includes up to AU$1.0 million for the Share Purchase Plan and an AU$0.275 million Placement to Kalamazoo’s major shareholder at the same price. The company sincerely thank its loyal shareholders for their continuous support and eagerly awaits their participation in this equity-raising opportunity, offering a 16.7% discount to its last closing price of AU$0.096.

The raised funds will be directed towards an upcoming RC drill program at the highly prospective Mallina West Gold Project, WA, along with the De Grey’s Hemi discovery strike. This program will build upon its previous high-grade drill intersection of 1m @ 10.35g/t Au from 99-100m, showcasing a significant opportunity that remains open in all directions.

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