AuKing Mining (ASX:AKN) has successfully completed a second tranche of its capital raising, raising $2.13M at a 10c issue price.

AuKing Mining says the funds will be used to pursue exploration activities in Tanzania and in Western Australia.

The company also says it has funds to pursue an appeal for two revoked Prospecting Licences at Manyoni in Tanzania.

The placement was completed with the issue of 21,260,000 shares and 10,630,000 free-attaching options.