Kingston Raises $4.66Million via Retail Entitlement Offer
Released
Released
Announcement PDF
ASX/Media Announcement
13 May 2024
Kingston Raises $4.66M via Retail Entitlement Offer
Kingston Resources Limited (ASX:KSN) (“Kingston” or “The Company”) is pleased to announce the results
of the fully underwritten Retail Entitlement Offer (“The Offer”) which was announced on 2 April 2024 and
closed on 8 May 2024.
Valid applications from eligible retail shareholders for 28,754,230 shares, totaling to $1,869,035 were
received and accepted. Eligible retail shareholders who applied for the shortfall “Shortfall Shares” can
expect to receive the full quantum of their valid applications.
The Offer was fully underwritten by Delphi Unternehmensberatung Akteingesellschaft, an existing major
shareholder and sophisticated investor. Allocation of the shortfall to the underwriter will be 42,997,585
Shortfall Securities totaling to $2,794,843.
Shares issued under the Retail Entitlement Offer will rank equally in all respects with existing ordinary shares
and will be issued on Wednesday, 15 May 2024, and will commence trading on Thursday, 16 May 2024.
Indicative Timetable for the Offer
The timetable set out below is an indicative timetable for the Offer. The Company may change these dates
and times at its discretion, subject to the ASX Listing Rules and Corporation Act.
Event
Offer Closing Date
Results of the Offer Announced
Date
Wednesday,8 May 2024
Monday,13 May 2024
Allotment Date
Trading Date
Despatch of Holding Statements
Wednesday,15 May 2024
Thursday,16 May 2024
Thursday,16 May 2024
Activity
Entitlement Offer closes 5.00pm (AEST)
Announcement date of funds raised and shares to
be issued
New Shares allotted under the Offer
New Shares commence trading on the ASX
Holding statements sent to Shareholders
This release has been authorised by the Kingston Resources Limited Board. For all enquiries, please contact Managing Director,
Andrew Corbett, on +61 2 8021 7492.
ASX: KSN
Shares on Issue: 633.7M
Market Cap: A$46.3M
Cash: (8 April 2024) $10.7m
202/201 Miller Street,
North Sydney, NSW 2060
+61 2 8021 7492
info@kingstonresources.com.au
www.kingstonresources.com.au
@KSNResources
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