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King River Copper Ltd

King River Copper Ltd finalises oversubscribed raising, prepares next steps

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King River Copper Ltd (ASX:KRC) has now finalised its Share Purchase Plan (SPP), which closed early due to being oversubscribed.

King River said the scale backs have now been completed and the new shares will be allotted later today.

Shareholders will be advised of their allotments once the shares have been processed to their broker HIN holdings or by the holding statements which will be posted tomorrow 4 August 2016.

The company added refunds will be sent out as soon as possible.

The next steps for King River will be to reveal its next exploration steps, which the company said it expects to do within the next 24 hours.

 

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Quick facts: King River Copper Ltd

Price: $0.03

Market: ASX
Market Cap: $42.45 m
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