News: NAM Namoi Cotton Says Kimberley Cotton Approved Commencement Of Construction Of Cotton Gin At...

May 22 (Reuters) - Namoi Cotton Ltd (NAM) :

• KIMBERLEY COTTON COMPANY (KCC) - UPDATE
• KIMBERLEY COTTON CO APPROVED COMMENCEMENT OF CONSTRUCTION OF COTTON GIN AT KUNUNURRA, WESTERN AUSTRALIA
• PLANNED COMMISSIONING AND OPERATION OF COTTON GIN AT KUNUNURRA IS IN SECOND HALF OF 2025
• INTENDS TO CONTRIBUTE A$1.4 MILLION TO KCC'S ADDITIONAL CAPITAL RAISING TO MAINTAIN ITS 20% INTEREST IN KCC AND BOARD REPRESENTATION
• NAMOI COTTON'S TOTAL INVESTMENT IN KCC AND COTTON GIN PROJECT IS EXPECTED TO BE ABOUT A$7 MILLION