InvestSMART

KGL Resources Limited (ASX:KGL)

ALERT: Price-sensitive ASX Announcement for KGL
Current share price for KGL : $0.195 -0.01 (-4.88%)+
Announcement
Release
3 Jul 2026 9:08AM
Price at Release
$0.205
Full Release
download
Summary
KGL Resources Limited has announced a non-renounceable entitlement offer, allowing eligible shareholders to acquire 1 new share for every 1.29 existing shares held, at a price of $0.20 per share. This offer is part of a broader equity raising effort to secure $300 million, with the entitlement offer aiming to raise approximately $120 million. The funds are intended to support ongoing projects, including the Jervois Project. The offer is underwritten, except for pre-commitments by KMP Investments and existing institutional shareholders. Eligible shareholders can apply for additional shares via a Top-Up Facility. The offer closes on July 22, 2026, with new shares expected to be issued by July 29, 2026.
Key Points
  • Non-renounceable entitlement offer at a ratio of 1 new share per 1.29 existing shares.
  • Offer price set at $0.20 per new share.
  • Intended to raise approximately $120 million as part of a $300 million equity raising.
  • Funds to support ongoing projects including the Jervois Project.
  • Offer underwritten except for pre-committed shares by KMP Investments and institutional shareholders.
  • Eligibility for additional shares through a Top-Up Facility.
  • Offer closes July 22, 2026, with new shares issued by July 29, 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.