Kingston Resources Ltd Announces Entitlement Offer
Key points
- Non-renounceable rights issue to eligible shareholders
- Issue price of $0.035 per new share
- Offer to raise approximately $8.47 million
- Entitlement Offer opens on 3 July 2026
- Closing date for Entitlement Offer is 14 July 2026
Full summary
Kingston Resources Ltd has announced a prospectus for a non-renounceable rights issue to eligible shareholders of 1 new share for every 4 shares held at an issue price of $0.035 per new share. The offer aims to raise approximately $8.47 million. Eligible shareholders who apply for their full entitlement will also be entitled to apply for top-up shares under the top-up facility. The offer is fully underwritten by Argonaut Corporate Finance Limited. The entitlement offer opens on 3 July 2026 and is expected to close on 14 July 2026. Allotment of entitlement shares and top-up shares is scheduled for 21 July 2026, with trading expected to commence on 22 July 2026. The offer is not extended to shareholders with registered addresses outside Australia, New Zealand, Hong Kong, Singapore, and the European Union (excluding Austria). The securities offered are considered speculative, and investors are advised to consult their financial advisors before making any investment decisions.
Guidance
Approximately $8.47 million to be raised from the Entitlement Offer
Outlook
Kingston Resources Ltd expects to raise approximately $8.47 million through the Entitlement Offer to fund its operations and growth initiatives.
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