(MENAFN - ProactiveInvestors)
() shares are trading ex-bonus issue of options of 2 free options for every 5 shares held.
The issue was provided to all King River shareholders.
Shares in KRC are currently trading at $0.029 up 26% from its close on 22nd June 2015 prior to the announcement being made.
The record date for the issue is on 8th July with the options to be issued on 22nd July.
The options will have an exercise price of $0.10 exercisable any time up until June 30th 2018.
King River has been undertaking geophysical Induced Polarisation work at its Chapman copper and gold project at Speewah Dome which has returned some very high-grade results.
Assays from the first round of drilling are pending.
King River holds 785 square kilometres of mineral leases covering a unique geological feature in the Eastern Kimberley of Western Australia.
will be presenting at Proactive Investors’ ‘Sydney Investor Luncheons’ on Tuesday 4th August 2015 and the “Melbourne Investor Luncheon” on Wednesday 5th August 2015. Seats are limited register here to confirm your place: Sydney - Melbourne.
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