AuKing Mining Ltd (ASX:AKN) CEO Paul Williams tells Proactive the company has received binding commitments for a capital raising of $1.25 million through a two-staged placement to sophisticated and professional investors and AuKing chairman Asimwe Kabunga. Williams adds that they are set to mobilise a diamond drill rig this week to the Mkuju Uranium Project in southern Tanzanian - nearby to the large Nyota uranium deposit.
AuKing Mining to mobilise diamond rig for uranium drilling in Tanzania