XST.ASX: Re-Compliance Prospectus Offer Update

Re-Compliance Prospectus Offer Update

Stock	Xstate Resources Ltd (XST.ASX)
Release Time	14 Aug 2025, 6:08 p.m.
Price Sensitive	Yes

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Xstate Resources Raises Over $2M in Re-Compliance Prospectus Offer

Key Points

Xstate Resources raises over $2M in minimum subscription under re-compliance prospectus
Company well-placed to satisfy ASX's conditions for re-instatement of shares
Updated indicative timetable for re-instatement provided

Full Summary

Xstate Resources Limited (ASX:XST) is pleased to announce that it has, with the assistance of the Joint Lead Managers, raised more than the minimum subscription of $2.0m under the Company's Re-compliance Prospectus offer from more than 300 new applicants. The Company is now well placed to satisfy the ASX's conditions to re-instatement of the Company's shares to trading on the ASX. An updated indicative timetable for re-instatement has been provided, noting the Company may close the offer earlier, and reinstatement is at ASX's discretion. Existing shareholders and prospective applicants are still able to apply via the Re-compliance Prospectus and Application Forms available from the Company's website. If the Company's Shares are not re-instated to trading on the ASX by 26 September 2025 (or such later date as permitted by the Corporations Act), the Company will return any funds received under the Offer in accordance with the Re-compliance Prospectus.