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KINGSTON RESOURCES LIMITED — Capital/Financing Update 2017
Sep 6, 2017
65206_rns_2017-09-06_9921db96-e261-4710-8eae-b000daa35f37.pdf
Capital/Financing Update
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KINGSTON RESOURCES LIMITED
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ASX Announcement
7 September 2017
ASX Code: KSN
Share Price: A$0.02 Shares Outstanding: 669,082,736 Market Capitalisation: A$13.4m Cash: A$3.9m (30 June, 2017)
Waiver from ASX Listing Rule 7.1
ACN 009 148 529
Board and Management
Anthony Wehby Chairman
Andrew Corbett Managing Directo r
Andrew Paterson Chief Geological Officer
Stuart Rechner Non-Executive Director
Chris Drew Business and Commercial Manager
Further to Kingston Resources Limited’s (“Kingston” or “the Company”) announcement on 1 September 2017 that a Binding Heads of Agreement had been executed with WCB Resources Limited (“WCB”) to merge the companies by way of a Canadian Plan of Arrangement (“Plan”), Kingston has received notification that ASX Limited has granted the Company a waiver from Listing Rule 7.1.
The waiver confirms the prior in principle advice received from ASX Limited that it is not necessary for Kingston to obtain the approval of its shareholders for the issue of up to 302,601,974 shares to WCB shareholders and 1,350,000 options to WCB warrant holders as Plan consideration pursuant to the Plan.
ENDS
Contact Details
205/283 Alfred Street North, North Sydney, NSW 2060 +61 2 8021 7492 [email protected]
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