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How AuKing’s $1.17M Placement Fuels Cloncurry Gold Project Ambitions

2:23am on Saturday 30th of August, 2025 AEST Mining
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How AuKing’s $1.17M Placement Fuels Cloncurry Gold Project Ambitions

2:23am on Saturday 30th of August, 2025 AEST
Key Points
  • Two-tranche placement raising a total of A$1.17 million
  • Directors contributed approximately $140,000 following shareholder approval
  • Placement shares issued at $0.006 each, totaling 196.2 million shares
  • Funds allocated to reduce short-term loan, support Cloncurry acquisition, and working capital
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