King Solomon Mines (ASX:KSO) has added some funds to working capital, raising $33,000 at a price of $0.003 by placing 11 million fully paid ordinary shares.
The funds raised are earmarked to fund acquisition of exploration projects, exploration work and for general working capital.
The company is known to be assessing a number of minerals opportunities as potential acquisitions including projects located in North Asia, South America and Australia.
It noted it believes the company will be successful in moving its focus to a new minerals opportunity.
The company is looking to dispose of its Sonid North project in Inner Mongolia within the next six months.
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