Kalamazoo Resources (ASX:KZR) placement update

Kalamazoo Resources Limited (ASX:KZR) has received an additional commitment for placement, with a major shareholder confirming participation by providing a binding commitment for an additional $100,000 on the same terms and conditions as the other participants. This brings the total amount committed to $0.375 million by the issue of approximately 4,687,500 shares at an issue price of $0.08 per share.

Executive Chairman's comments on the placement

We look forward to our shareholders participating in this equity raising via the share purchase plan which is at a 16.7% discount to our last closing price of $0.096. We are also very pleased with the increased support by our major shareholders by their participating in the placement on the same pricing terms as the share purchase plan.

Summary of Kalamazoo Resources (ASX:KZR) placement update

Kalamazoo Resources Limited (ASX:KZR) has received an additional commitment for placement, bringing the total amount committed to $0.375 million. The additional shares are intended to be issued pursuant to the Company's general placement capacity under ASX Listing Rule 7.1. The Executive Chairman, Luke Reinehr, expressed optimism about shareholders' participation in the equity raising and highlighted the increased support from major shareholders in the placement. Kalamazoo Resources Limited is an ASX-listed exploration company with a portfolio of high-quality gold and base metals projects in the Central Victorian Goldfields, the Pilbara, and the Murchison, WA. The company's exploration activities and its certification as carbon neutral for its business operations under the Federal Government's Climate Active Program demonstrate its commitment to sustainable practices and growth in the mining sector.