Australia's Kalamazoo Resources slips on discounted placement

Kalamazoo Resources

23/12/2025 23:36

** Shares of Australia's Kalamazoo Resources KZR.AX fall as much as 2.6% to A$0.190, their lowest since December 9

** Gold explorer says it received firm commitments for a A$8 million ($5.36 million) placement at an issue price of A$0.17 per share

**  Co also announces the launch of a share purchase plan to raise up to an additional A$2.0 million at the same price

** Issue price represents 12.8% discount to co's last closing price

** Proceeds to be used towards resource delineation and exploration drilling, the Mt Olympus pre-feasibility study, exploration, and general working capital

** KZR up 163.5% YTD

($1 = 1.4925 Australian dollars)

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.singhchundawat@thomsonreuters.com))