Share Purchase Plan closes raising $533k

Published 01-JUN-2022 13:26 P.M.

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This morning our battery metals exploration Investment Kuniko (ASX: KNI) announced that it has raised $533k from shareholders through its share purchase plan (SPP).

The capital raise was completed at $1 per share, on the same terms as the recent placement that was completed raising $8M.

Combined, KNI has now managed to raise $8.5M via both the placement and share purchase plan (SPP) at $1 per share. This should mean that KNI now has over $13M in cash in the bank.