Kogi Iron representatives presented to Nigerian government officials at the 25th annual Mining Indaba during a Nigeria Beyond Oil-De Risking Mining Investments workshop, and also met with potential investors at the One2One Cape Town mining conference.
Enhancing investor understanding
Kogi Iron chairman Don Carroll said: “We are delighted to have been able to present at these two high profile events and continue to enhance our investor understanding and awareness as we drive the Agbaja Cast Steel Project to production.”
The company recently entered into a letter of intent to progress discussions with the Inner Galaxy Group regarding a strategic partnership for the development of the project and has received firm placement commitments from investors to raise $560,000 before costs.
Funds raised in the share placement will be used to progress work on ongoing studies required for the Agbaja Cast Steel Project definitive feasibility study and to provide working capital.
- Jessica Cummins