How Riedel’s $1.78M Raise Could Transform Kingman Gold Exploration

• Raised $1.78 million before costs via entitlement offer and shortfall placement
• 15.36 million new shares subscribed by existing shareholders
• 55.97 million shortfall shares to be placed by directors with mandate to 708 Capital Pty Ltd
• 708 Capital to receive placement fee and 5 million options as part of the arrangement