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Kogi Iron Granted Additional Time For Capital Raising

Kogi Iron (ASX:KFE) has been granted additional time to finalise a capital raising, following a voluntary suspension.

Kogi said that is expected the voluntary suspension will be lifted on or before Wednesday 18 June 2014.

The company is developing the Agbaja Iron Ore project in Nigeria which has defined an ore reserve and a completed Pre-Feasibility Study under its belt.

This established Agbaja in Nigeria as an economically robust and technically viable project with average operating costs of US$42.98 per tonne concentrate FOB.

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