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KINGSTON RESOURCES LIMITED — Capital/Financing Update 2013
Feb 14, 2013
65206_rns_2013-02-14_9a6df119-db38-42cf-b4d6-a5c24b88a24c.pdf
Capital/Financing Update
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KINGSTON RESOURCES LIMITED
ASX:KSN
ACN 009 148 529
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15 February 2013
Company Announcements Office Australian Securities Exchange
PUBLIC OFFER – PRIORITY ISSUE INFORMATION FOR SHAREHOLDERS
We are pleased to advise that on 14 February 2013, Kingston Resources Limited (ACN 009 148 529) ( Company ) lodged with the Australian Securities and Investments Commission a prospectus ( Prospectus ) to raise $2,000,000 (before expenses) by the offer of 10,000,000 fully paid ordinary shares ( Shares ) at an issue price of $0.20 each, together with one free attaching option ( Offer Option ) per Share, exercisable at $0.20 on or before 31 December 2015 ( Offer ). In addition, the Company may accept oversubscriptions for up to an additional 5,000,000 Shares and Offer Options to raise up to an additional $1,000,000.
Priority Offer and Eligibility
As set out in the Company’s Notice of Annual General Meeting dated 24 December 2012, the Company has reserved 1,500,000 Shares and free attaching Offer Options (to raise up to $300,000.00) ( Priority Offer ) for existing shareholders, with the allocation policy to be determined by the Directors and generally with an intention to give preference on a ‘first come, first served’ basis.
Eligibility to participate in the Priority Offer will be determined by reference to those shareholders that are registered at 5.00pm (AEST) on Thursday, 14 February 2013 ( Existing Shareholders ).
Under the Priority Offer, Existing Shareholders may apply for Shares (with one free attaching Offer Option per Share) up to the higher of:
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75,000 Shares and Offer Options valued at $15,000, being equal to 5% of the Priority Offer; or
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such greater amount of Shares and Offer Options that the Existing Shareholder would be entitled to subscribe for if the Priority Offer was made to each Existing Shareholder on a pro rata basis ( Pro Rata Entitlement ).
The Pro Rata Entitlement will only apply to Existing Shareholders that hold a percentage interest in the Company of greater than 5%.
Applications
To participate in the Priority Offer, Existing Shareholders will need to lodge a Priority Offer Application Form, which is attached to the Prospectus, prior to the Offer closing date, being 5.00pm AEST Tuesday, 19 March 2013 .
Kingston Resources Limited Suite 4, 72 Canning Highway, Victoria Park, Western Australia 6100 t +61 8 9355 2565 f +61 8 9355 2575 w www.kingstonresources.com.au e [email protected] Page 1 of 1
Any Shares and Offer Options not applied for by Existing Shareholders under the Priority Offer will form part of the general offer to the public as outlined in the Prospectus. Existing Shareholders may also lodge applications (without any priority) in the general offer to the public.
When completing an application form for the Priority Offer, Existing Shareholders must provide identical details to those that are recorded on the Company’s share register. Existing Shareholders who are uncertain whether they are eligible to apply for securities under the Priority Offer or who are uncertain as to their details on the share register, may contact the Company’s share registry, Computershare Investor Services, on 1300 659 686 to confirm their details.
Prospectus
A copy of the Prospectus containing a separate Priority Offer Application Form can be downloaded from the Company’s website at www.kingstonresources.com.au . Alternatively, Existing Shareholders can contact Computershare Investor Services on the numbers listed below to arrange for a copy to be posted out.
Existing Shareholders wishing to apply under the Priority Offer must complete the relevant Priority Offer Application Form and provide it with the correct application monies to the Company’s share registry by no later than 5.00pm (AEST) on 19 March 2013 .
Enquires
Existing Shareholders should read the Prospectus in its entirety to determine whether or not applying under the Priority Offer is a suitable investment for their own circumstances.
If you have any questions regarding the Priority Offer or the Offer in general, please contact Computershare Investor Services on 1300 659 686.
The directors commend the Priority Offer.
Yours faithfully
Jonathan Davies
Chairman
Kingston Resources Limited
Kingston Resources Ltd Suite 4, 72 Canning Highway, Victoria Park, Western Australia 6100 t +61 8 9355 2565 f +61 8 9355 2575 w www.kingstonresources.com.au e [email protected] Page 2 of 2