Listed gold explorer Kin Mining, potash explorer Kalium Lakes...

Listed gold explorer Kin Mining, potash explorer Kalium Lakes and American Rare Earths were fronting investors with cash calls on Tuesday morning.Rare earth concentrate ready for processing. Trevor CollensLeonara gold play Kin Mining was after $20.4 million, split as a $9.7 million share placement and a $10.7 million one-for-seven non-renounceable entitlement offer.The offer was priced at 7.5¢, a 16.7 per cent discount to the last close and 13.4 per cent lower than the 20-day volume-weighted average price.Kin’s major shareholder DELPHI unternehmensberatung Aktiengesellschaft (Delphi) had signed a firm commitment for $4.7 million of the placement and would take up its share of the entitlement offer, according to the term sheet sent to potential investors.The proceeds would be used for resource definition, infill and exploration drilling at its Cardinia project near WA’s Leonara, which is the epicentre of current gold M&A activity.RELATED QUOTESKINKin Mining$0.091 1.11%1 year1 dayAug 21Feb 22Aug 220.0600.1000.140Updated: Aug 16, 2022 – 11.22am. Data is 20 mins delayed.View KIN related articles KLLKalium Lakes Limited$0.092 10.84%Aug 21Feb 22Aug 220.0500.1500.250Kin’s cash call follows non-deal meetings with fund managers last week. It knocked back a non-binding bid from St Barbara last year, and has investors wondering if it would miss out on the latest round of gold consolidation.Argonaut Securities and Canaccord Genuity were the joint lead managers and called for bids by 5p Tuesday.