KRR 5.26% 1.0¢ king river resources limited

News: King River Copper chairman Anthony Barton continues to buy shares

  1. King River Copper (ASX:KRC) chairman Anthony Barton has increased his indirect interest in the company, acquiring a further 962,000 shares and 61,326 options in on-market trade.

    He acquired the shares and options for a total of $24,726.78. This took his total direct and indirect interest to 20,069,661 shares.

    Barton also holds 7,536,836 options in the company.

    This follows on his acquiring 828,000 for $20,889.58 earlier this month.

    King River Copper is in the process of raising funds from a 1:1 pro-rata non-renounceable rights offer priced at $0.01 per share to re-commence exploration at the Kimberley project.

    Shares in the company closed at $0.024 on Friday.

    The rights issue has already received applications totalling 30,466,578 shares priced at $0.01 each, or $304,665.78. This is above the minimum it sought of $250,000.

    Proceeds from the rights issue will be used to advance the exploration of the copper and gold potential of its East Kimberley tenement.

    Previous drilling had intersected anomalous gold and copper intervals along the 5 kilometre long Chapman to Greys structural corridor.

    Drilling and recompilation of magnetic, IP and SAM geophysical data have identified new targets for drilling in 2015 associated with the interpreted west dipping Grey and Chapman thrusts.



    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

 
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Last
1.0¢
Change
0.001(5.26%)
Mkt cap ! $15.53M
Open High Low Value Volume
1.0¢ 1.0¢ 1.0¢ $16.59K 1.659M

Buyers (Bids)

No. Vol. Price($)
3 941226 1.0¢
 

Sellers (Offers)

Price($) Vol. No.
1.1¢ 2336028 6
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Last trade - 16.10pm 28/03/2024 (20 minute delay) ?
Last
1.0¢
  Change
0.001 ( 5.26 %)
Open High Low Volume
1.0¢ 1.0¢ 1.0¢ 1554
Last updated 15.57pm 28/03/2024 ?
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