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KGL Resources Completes $120 Million Entitlement Offer to Fund Jervois Project

9:51am on Friday 24th of July, 2026 AEST Mining
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KGL Resources Completes $120 Million Entitlement Offer to Fund Jervois Project

9:51am on Friday 24th of July, 2026 AEST
Key Points
  • Entitlement offer raises approximately A$120 million at A$0.20 per share
  • Total equity raising aims for A$300 million including conditional placement
  • Largest shareholder KMP Investments increases ownership to 36.2%
  • Shortfall shares allocated under underwriting agreement
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