Market Alert: ASX200 at Critical Support – Reversal or Further Fall?
Koonenberry Gold Limited (ASX: KNB) has announced an AU$2.0 million share placement to institutional investors, including Datt Capital, to accelerate exploration at its Enmore and Lachlan projects. The placement involves issuing 66.67 million new shares at AU$0.030 per share, utilizing the Company’s 7.1A Placement Capacity.
The funds will support expanded drilling activities, general working capital, and offer-related costs. Managing Director Dan Power expressed enthusiasm for the strategic investment, which will allow an expansion of the Sunnyside drilling program from 2,000m to 3,000m and advance exploration at Prince of Wales and Breakfast Creek to a drill-ready stage. The Company is committed to fast-tracking exploration and leveraging strong investor support to enhance project value. The placement highlights continued confidence in Koonenberry’s potential, reinforcing its strategy to advance key assets and deliver shareholder value.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
