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King Island Scheelite Ltd (KIS.AX)

KIS.AX on Australia Stock Exchange

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Latest Key Developments (Source: Significant Developments)

King Island Scheelite says secured up to A$2 million funding
Wednesday, 16 Dec 2015 04:29pm EST 

King Island Scheelite:Secured up to A$2 million funding through the issue of convertible notes.Funds will be drawn down in two tranches, the first A$1 million on 21 December 2015, whilst the next A$1 million would be drawn if required.Funds will be utilised to finalise the Definitive Feasibility Study and general working capital.  Full Article

King Island Scheelite Limited announces issue of shares
Thursday, 28 May 2015 02:58am EDT 

King Island Scheelite Limited:Issues 2,037,037 fully paid ordinary shares at $0.135 per share.  Full Article

King Island Scheelite Ltd announces issue of ordinary shares
Sunday, 24 May 2015 09:11pm EDT 

King Island Scheelite Ltd:Says issue of 11,167,908 fully paid ordinary shares at an issue pice of $0.135 per share.Raising is expected to fund: Offer costs including legal fees, share registry costs, underwriting fees, printing, postage ($100,000); Open cut mine design and engineering ($150,000); Metallurgical and ore sorting test work ($100,000);.Preparation of detailed design and specifications of plant ($400,000); Initial site works ($500,000); and Overheads and general working capital ($533,000.  Full Article

King Island Scheelite to raise $1,866,000 through a nonrenounceable partially underwritten Rights Offer
Sunday, 19 Apr 2015 08:40pm EDT 

King Island Scheelite Ltd:To proceed with a partially underwritten rights offer to fund additional optimisation investigations on its 100 pct owned Dolphin Project.Says $1,866,000 to be raised (before Offer costs).Underwriters committed to take up rights to $634,000 and remaining Directors committed to take up their rights totalling $68,000.New shares issued for $0.135 each, an 18 pct discount to the latest closing Share price.Opportunity for existing shareholders to take up all rights plus top up facility.Raising is expected to fund working capital for KIS until the Company proceeds with a larger capital raising, to allow for development of the Dolphin Project - anticipated in Q3 2015.Offer is expected to open April 29 and close on May 8.  Full Article

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