Kingston Resources Ltd. (AU:KSN) has released an update.
Kingston Resources Ltd. has successfully completed an institutional capital raise of $8.8 million and is now launching a fully underwritten Retail Entitlement Offer to secure an additional $4.7 million. Shareholders have the chance to subscribe for new shares at $0.065 each, with the option to apply for excess shares through a Shortfall facility. The Retail Entitlement Offer is set to close on 8 May 2024, with new shares expected to be issued on 15 May and subsequently listed on the ASX.
For further insights into AU:KSN stock, check out TipRanks’ Stock Analysis page.
