XST.ASX: ASX Admission Update and Prospectus Offer Period Extension

ASX Admission Update and Prospectus Offer Period Extension

Stock	Xstate Resources Ltd (XST.ASX)
Release Time	7 Aug 2025, 1:06 p.m.
Price Sensitive	Yes

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Xstate Resources Ltd to re-list on ASX after raising $2M

Key Points

Xstate Resources to re-list on ASX after meeting ASX conditions
Minimum $2M to be raised from at least 300 new applications
Offer period extended to 21 August 2025 to allow for final applications

Full Summary

Xstate Resources Ltd (ASX:XST) has announced that it has received advice from the ASX that it will re-admit the company to the Official List and quote its securities, subject to it being satisfied the company has met various conditions. This includes raising a minimum of $2 million from at least 300 new applications. The board considers the company will be able to meet these conditions upon successful completion of the Offer and has elected to extend the closing date of the public offer under its Re-compliance Prospectus dated 26 June 2025 to Thursday, 21 August 2025 at 5:00pm AWST to allow for final applications to be processed and funds banked. An updated indicative timetable for re-instatement of the company's shares to trading on the ASX has been provided, with re-instatement expected on Tuesday, 9 September 2025. Existing shareholders and prospective applicants are still able to apply via the Re-compliance Prospectus and Application Forms available from the company's website.