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Kingston Resources Limited (ASX:KSN)

ALERT: Price-sensitive ASX Announcement for KSN
Current share price for KSN : $0.033 0 (0%)+
Announcement
Release
25 Jun 2026 9:21AM
Price at Release
$0.033
Full Release
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Summary
Kingston Resources Limited, an Australian exploration and mining company, has issued a Prospectus for a non-renounceable rights issue, termed the Entitlement Offer, aimed at raising approximately $8.47 million. The Entitlement Offer is conducted at an issue price of $0.035 per New Share, providing eligible shareholders the opportunity to subscribe for 1 New Share for every 4 existing shares held. The Offer is fully underwritten by Argonaut Corporate Finance Limited, with Argonaut Securities Pty Limited serving as the Lead Manager. Funds raised will be utilized for drilling, resource and reserve estimates, plant expansion studies, redundancy costs, care and maintenance costs, and general working capital. The proceeds from this Offer, combined with other sources including the Placement and funds from the Misima sale, are expected to total $32.3 million. The Entitlement Offer will lead to an increase in the company's capital, with potential dilution of current shareholders' interests if they do not participate.
Key Points
  • The Entitlement Offer is a non-renounceable rights issue to raise $8.47 million.
  • Issue price per New Share is set at $0.035.
  • Eligible shareholders can subscribe for 1 New Share for every 4 shares held.
  • The Offer is fully underwritten by Argonaut Corporate Finance Limited.
  • Funds will be used for drilling, resource estimates, and plant expansion.
  • Total funds including other sources to amount to $32.3 million.
  • The Entitlement Offer may dilute non-participating shareholders' interests.
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.