The company previously disclosed that it would issue up to around 8.33mln at six cents each .
King’s Bay Resources Corp () has increased the size of its previously announced financing to C$1mln from C$500,000.
The company previously disclosed that it would issue up to around 8.33mln units at six cents each but has now doubled that to around 16.66mln units.
Closing of the financing remains subject to the approval of the TSX venture exchange.
The proceeds are expected to be used for general working capital.
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