The Golden Runway, page-25

G'day Sharesx,

Not quite sure what you mean by "credit rating", though I assume you're wondering whether the Company achieved funding for its Leonora Gold Project?

The answer is a resounding "Yes" - KIN has finalised an AU$35m credit facility with Canadian Sprott Private Resource Lending, which indeed has already advanced an initial AU$6.5m.

This was achieved on competitive and favourable terms for KIN shareholders.

As a consequence, I believe site works are underway at Leonora this month.

As part of the deal, and to accelerate further exploration, KIN also announced a $10m raising at 25c.

We're into the tail-end of that now. $7m has already been raised from institutional & sophisticated investor clients of Petra Capital, and we're just working through the final $3m which is going to shareholders in a 1 for 16 Rights Issue.

I think it's the Rights Issue, plus any weak hands from Petra, that has the share price flopping around at the minute.

That'll soon be behind us, however, and with a good stash to do the job, the Company will be rolling up its sleeves and getting well stuck-in to becoming Aussie's next mid-tier gold producer.

At which point 25c will be just a laughable price for Kin Mining shares.