KINGSTON RESOURCES LIMITED — Capital/Financing Update 2021

Nov 24, 2021

Application for quotation of +securities

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Announcement Summary

Entity name

KINGSTON RESOURCES LIMITED

Announcement Type

New announcement

Date of this announcement

Thursday November 25, 2021

The +securities to be quoted are:

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+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
KSN	ORDINARY FULLY PAID	70,000,000	25/11/2021

Refer to next page for full details of the announcement

Application for quotation of +securities

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Application for quotation of +securities

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Part 1 - Entity and announcement details

1.1 Name of entity

KINGSTON RESOURCES LIMITED

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type

ABN

Registration number 44009148529

1.3 ASX issuer code

KSN

1.4 The announcement is

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New announcement

1.5 Date of this announcement

25/11/2021

Application for quotation of +securities

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Application for quotation of +securities

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Part 2 - Type of Issue

2.1 The +securities to be quoted are:

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+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Previous Appendix 3B details:

Announcement Date and Announcement Title Selected Appendix 3B to submit quotation Time request 18-Nov-2021 09:24 New - Proposed issue of securities - A placement or other type of issue KSN

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B?

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Yes

2.3a.3 Please provide details of the further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B

In addition to the Placement securities to be issued, on 18 November 2021, the Company announced its intention to offer up to 20 million shares to existing shareholders under a Share Purchase Plan (SPP) at an issue price the same as the placement offer of $0.20 per share, targeting a raise of $4 million. The SPP offer opened on Monday, 22 November 2021 and closes on Thursday 16 December 2021 at 5.00 pm (Sydney Time). The issue of shares under the SPP will occur on Thursday, 23 December 2021.

Application for quotation of +securities

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Application for quotation of +securities

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Part 3A - number and type of +securities to be quoted where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description KSN : ORDINARY FULLY PAID

Issue date

25/11/2021

Distribution Schedule

Provide a distribution schedule for the new +securities according to the categories set out in the left hand column - including the number of recipients and the total percentage of the new +securities held by the recipients in each category.

		Total percentage of +securities held
Number of +securities held	Number of holders	For example, to enter a value of 50%
		please input as 50.00
1 - 1,000		%
1,001 - 5,000		%
5,001 - 10,000		%
10,001 - 100,000		%
100,001 and over		%

Application for quotation of +securities

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Application for quotation of +securities

Issue details

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Number of +securities to be quoted 70,000,000

Are the +securities being issued for a cash consideration? Yes In what currency is the cash consideration being paid? What is the issue price per +security? AUD - Australian Dollar AUD 0.20000000

Any other information the entity wishes to provide about the +securities to be quoted

Application for quotation of +securities

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Application for quotation of +securities

Part 4 - Issued capital following quotation

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Following the quotation of the +securities the subject of this application, the issued capital of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +securities (total number of each +class of +securities quoted on ASX following the +quotation of the +securities subject of this application)

	Total number of
ASX +security code and description	+securities on issue
KSN : ORDINARY FULLY PAID	356,154,557
4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
KSNAK : OPTION EXPIRING 31-AUG-2024 EX NIL	1,772,206
KSNAJ : PERFORMANCE RIGHTS	2,215,257
KSNAF : OPTION EXPIRING 31-JUL-2023 EX $0.01	6,818,841
KSNAG : OPTION EXPIRING 31-JUL-2023 EX $0.01	2,768,834
KSNAH : OPTION EXPIRING 31-JAN-2023 EX $0.25	600,000
KSNAI : OPTION EXPIRING 30-JUN-2023 EX $0.50	900,000

4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)

Application for quotation of +securities

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