Media Room

Kingston accelerates gold hunt

PERTH (miningweekly.com) – ASX-listed Kingston Resources has raised A$3.1-million through a shortfall placement of its pro-rata non-renounceable rights issue, announced in May, to accelerate drilling at its Misima gold project, in Papua New Guinea.

Kingston in May launched the rights issue with the aim of raising up to A$8-million.

Black Rock raises cash for Mahenge

Junior miner Black Rock Mining has raised A$3-million in an oversubscribed share placement to professional and institutional investors.

More than 42.8-million shares were placed at a price of 7c each, with the proceeds going towards progressing project financing activities and completing the commercial and permitting activities for the Mahenge graphite project, in Tanzania.

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