Ann: Kin to Raise $10m to Accelerate Cardinia Gold Exploration, page-10

When do the $0.40 options expire Fbx?

Well, not at all surprised by the price, but I do really think they could have done better. Any time in Nov they could have raised at at least $0.28 a share. I mean while I am only one investor, I was very happy to buy on market at $0.28 a share. I will of course take up my allotment in full, small as it is.

I do think my earlier posts are pertinent in regards to what the share price will do. Especially when the renouncible raise does not go ex entitlement until the 10th of Jan. Those who want out will likely be able to sell at a price as high as $0.30, while the 'insto's' who oversubscribed the raising will want in (that being said, why then was the price still at $0.25 when it was heavily oversubscribed......)

I agree the $7m means that Sprott is oboard the deal is done, which is very important, however, I do feel that the $3m is actually very important too, that is going to give KIN a bit of extra safety when we get to commissioning the plant extra. I would actually argue that KIN should be giving current holders at least $5m allotment total, I keep harping on about this, but.... companies never seem to raise enough cash! We will see if in 12 months time, KIN does another raising of course.

The Sprott deal is a very good one though, no hedging, reasonable rates and pays for it all.

thoughts all?