Placement and Rights Issue
Released
Released
Announcement PDF
www.kingstonresources.com.au
ACN 009 148 529
28 August 2015
Company Announcements Office
Australian Securities Exchange
Placement and Rights Issue
Kingston Resources Limited (ASX: KSN) is pleased to announce a revised capital raising
comprising an immediate placement to cornerstone investors to be followed by a Rights
Issue to raise a total of up to $1.31 million.
Kingston has raised $360,000 by making a placement of 21.2 million new fully paid shares at
$0.017 to sophisticated investors. The placement will include a one for three free attaching
option exercisable at $0.03 and expiring on 30 June 2019.
The Placement will be followed by a non-renounceable, one for three Rights Issue offer to
eligible existing shareholders on the same terms. That is, an issue price of $0.017 with a
one for three free attaching option exercisable at $0.03 and expiring on 30 June 2019. The
Rights Issue will raise a maximum of approximately $952,000 before costs.
Capital raised will fund Kingston’s drill programs in South Australia. This includes the Six
Mile Hill copper-gold project, where we are currently drilling on hole 15DDSM001 (Mineral
Systems Drilling Program hole 1). This is the first hole in Kingston’s multi-hole drilling
campaign targeting Iron-Oxide Copper Gold (IOCG) mineralisation.
An Appendix 3B new issue announcement will be released to market later today.
A Prospectus for the new Rights Issue will be prepared and lodged with ASIC and ASX and
circulated to all eligible shareholders in the near future.
25 - 27 Jewell Parade, North Fremantle, Western Australia 6159
+61 8 9336 6619 info@kingstonresources.com.au
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