King River Copper rights issue in the money attracts investors

King River Copper's (ASX:KRC) 1:1 pro-rata non-renounceable rights offer priced at $0.01 per share to raise up to $1771900 continues to appeal to investors.
   
The company has so far received applications totalling 61694435 shares or $616944.35. Shares in the company are currently trading at $0.027.

KRC's rights offer concludes on 13th March.

Funds raised under the offer will be used to advance the exploration of the copper and gold potential of its East Kimberley tenement.

Additional drill holes were planned at Todhunter North-Pentecost and King River Fault Zone prospects following the completion of the 2014 exploration program.

Drilling and recompilation of magnetic IP and SAM geophysical data within the 5km long Chapman-Greys corridor have identified new IP targets for drilling in 2015 associated with the interpreted west dipping Grey and Chapman thrusts.

Further reconnaissance drilling is planned at Todhunter for 2015.

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