Kings Minerals Share Purchase Plan To Benefit San Anton, Proceeds For Pre-Feasibility Study

San Anton Resource Corp. has announced a share purchase plan put by its principal shareholder, Kings Minerals NL, to its shareholders for maximim proceeds of A$8,516,588. It's anticipated to close on April 3. In a comment, in the news release, San Anton's CEO said the proceeds will be used to fund a pre-feasibility study for its Cerro del Gallo deposit in Mexico - although the precise amount that would flow through to San Anton has yet to be determined.

San Anton hasn't traded yet today; its current bid-ask is 11 cents - 14.5 cents. It last traded yesterday at 11 cents.

Its Google Finance web page is here.

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