Kingston Rights Offer Opens Today
Released
Released
Announcement PDF
www.kingstonresources.com.au
ACN 009 148 529
14 August 2015
Company Announcements Office
Australian Securities Exchange
KINGSTON RIGHTS OFFER OPENS TODAY
Prospectus for 4:5 Entitlements Issue Despatched to Shareholders Today
Kingston Resources Limited (ASX Code: KSN) (“Company”) advises that its Prospectus, together with
a personalised Entitlement and Acceptance Form, has been despatched to shareholders today.
The non-renounceable pro rata entitlement offer will be undertaken on the basis of four (4) New Shares
for five (5) Shares held by Shareholders registered at 5.00pm Perth time on 13 August 2015 ( Record
Date) at an issue price of 2.0 cents per New Share, with one (1) free attaching Option exercisable at 4.0
cents each on or before 30 June 2019 for every two (2) New Shares issued to raise approximately
$2,349,783 before expenses (Offer), and for the offer of the Shortfall to the Offer (Shortfall Offer).
The funds raised will be used to underpin the next phase of exploration and evaluation of the exciting
Six Mile Hill Project in South Australia, to undertake drilling at the Cootanoorina project and further
evaluate the Hiltaba project as well as for costs of the Offer and for general working capital purposes.
Alignment Capital Pty Ltd, the Lead Manager for the Right Issue, has secured firm commitments from
investors to sub-underwrite the full value of the Company’s Rights Issue.
Key dates for the Offer are as follows:
Event
Prospectus and Entitlement and Acceptance Forms sent to Eligible
Shareholders & Offer Opens
Offer closes (Closing Date)*
New Securities quoted on a deferred settlement basis
Notice to ASX of Shortfall
Date
Friday, 14 August 2015
3.00pm Perth time
Tuesday, 25 August 2015
Wednesday, 26 August 2015
Thursday, 27 August 2015
New Securities issued and dispatch of holding statements
Tuesday, 1 September 2015
Quotation of New Securities on ASX commences
Thursday, 3 September 2015
The above dates are indicative only and may be subject to change. The Directors may vary these dates subject
to any applicable requirements of the Corporations Act or the Listing Rules. The Directors may extend the
Closing Date* by giving at least three Business Days’ notice to ASX before the Closing Date.
Ends
25 - 27 Jewell Parade, North Fremantle, Western Australia 6159
+61 8 9336 6619 info@kingstonresources.com.au
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