Kogi Iron: Completes $2M raise

Kogi Iron: Completes $2M raise

• Kogi Iron (KFE) has completed a two-phase capital raising to fund a Bankable Feasibility Study (BFS) at its Agbaja Plateau project
• Agbaja is iron ore and cast steel mill project located in the Kogi State, Southern Nigeria in West Africa
• The final phase of the capital raising, also including the share purchase plan (SPP), raised up to $2M
• Kogi also announced it has settled the overdue amounts owing to one former and one current Director of the company
• Kogi is up 52.94 per cent on market close, trading for 7.8¢ apiece