Kingsland's Share Purchase Plan Receives Strong Support

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Stock Kingsland Minerals Ltd (KNG.ASX)
Release Time 5 Nov 2025, 9:23 a.m.
Price Sensitive Yes
 Kingsland's Share Purchase Plan Receives Strong Support
Key Points
  • Kingsland's Share Purchase Plan (SPP) was strongly supported with oversubscribed applications
  • Eligible applications received totalled A$543,000, which Kingsland's Directors have agreed to accept
  • The proceeds of the SPP and a recent placement will be used to progress the Leliyn Graphite Project and for working capital
Full Summary

Kingsland Minerals Ltd (ASX: KNG) is pleased to confirm the final results of the Share Purchase Plan (SPP) that opened on 8th October 2025 and closed on 29 October 2025. The SPP was strongly supported with oversubscribed applications. Eligible applications received totalled A$543,000, which Kingsland's Directors have agreed to accept. The strong support for the SPP follows the successful completion of Kingsland's Scoping Study for the Leliyn Graphite Project and a recent private placement of new shares. Two of Kingsland's largest shareholders, Quinbrook Asset Management Pty Ltd and Bacchus Resources Pty Ltd, elected to increase their holdings in the Company, respectively to 19% and 10%. The SPP offered all eligible shareholders the opportunity to acquire new Kingsland shares for up to $30,000 worth of Shares at A$0.12 per New Share, the same as the Placement price, to raise up to approximately $500,000 (before costs). A total of 4,525,000 new fully paid ordinary shares in the Company will be issued pursuant to the SPP, for total proceeds of A$543,000 (before costs). The proceeds of the SPP and Placement will be used to progress the Company's exploration projects including the Leliyn Graphite Project and for working capital.