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Kalium Lakes Ltd (ASX: KLL) has announced it has successfully completed a $50 million capital raise via the launch of a two-tranche placement of fully paid ordinary shares.
When an ASX-listed company announces a capital raising, it generally means it is selling more shares to raise money.
More often than not, the shares are sold at a discount to the company’s share price at the time to entice new and existing investors.
Following the announcement shares of Kalium LakesLtd (ASX: KLL) are trading 11.36% lower.
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