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King’s Bay Resources increases previously announced placing again

Last week, the firm announced it was increasing the financing to C$1mln from C$500,000, issuing around 16.66mln units at six cents

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Last week, the firm announced it was increasing the financing to C$1mln from C$500,000, issuing around 16.66mln units at six cents

King’s Bay Resources Corp (CVE:KBG) has further increased the size of its previously announced financing to C$1.2mln gross.

Last week, the firm announced it was increasing the financing to C$1mln from C$500,000, issuing around 16.66mln units at six cents.

Now, the group says it will issue up to 20mln units for gross proceeds of up to C$1.2mln. which is expected to be used for general working capital.

Shares closed yesterday at C$0.060.

Quick facts: King's Bay Gold Corp.

Price: 0.04 CAD

TSX-V:KBG
Market: TSX-V
Market Cap: $2.75 m
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