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KGL Resources Limited (ASX:KGL)

ALERT: Price-sensitive ASX Announcement for KGL
Current share price for KGL : $0.175 -0.03 (-14.63%)+
Announcement
Release
24 Jul 2026 9:51AM
Price at Release
$0.205
Full Release
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Summary
KGL Resources Limited announced the completion of its non-renounceable entitlement offer, which raised approximately AUD 120 million. This was part of a larger equity raising initiative that includes a conditional placement aimed at raising an additional AUD 180 million, totaling AUD 300 million. KMP Investments Pte. Ltd, KGL's largest shareholder, fully committed to its entitlement, while other institutional investors contributed pre-commitments totaling AUD 17 million. The entitlement offer was fully underwritten, with 333 million shares sold to raise AUD 66.6 million, and the remaining 264.6 million shares to be issued as part of a shortfall offer. Argonaut Securities and Bell Potter Securities played key roles in managing the equity raising process. The shares are expected to be issued on July 28, 2026, and commence trading on July 29, 2026.
Key Points
  • KGL Resources completed an entitlement offer raising ~AUD 120 million.
  • The entitlement offer was part of a broader AUD 300 million equity raising.
  • KMP Investments pre-committed to its full entitlement.
  • The entitlement offer was fully underwritten.
  • 333 million shares sold to raise AUD 66.6 million.
  • 264.6 million shares to be issued through a shortfall offer.
  • Argonaut Securities and Bell Potter Securities were involved in the equity raising.
  • New shares to be issued on July 28, 2026, and trading begins on 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.