RE:Zijin Raising Capital Today For Kamoa
Quick Notes - Good News and potential Bad... 1) Raising Capital through private placement (through a few individual investors - so capital raising will not be an issue) 2) Zijin still needs to seek approval from its shareholder and securities watchdog China Securities Regulatory Commission on its revised private share placement proposal. The proposal has a 12-month validity period. ....so there may be another extension - but the deal closing looks to be solidly in the works