PATRONUS RESOURCES LIMITED — Capital/Financing Update 2018

Nov 18, 2018

==> picture [356 x 177] intentionally omitted <==

ASX Code: KIN

Management

Andrew Munckton Chief Executive Officer

Glenn Grayson Exploration Manager

Board of Directors

Jeremy Kirkwood Chairman

Trevor Dixon Executive Director Business Development & Land Tenure

Joe Graziano

Non-Executive Director & Company Secretary

Brian Dawes Non-Executive Director

Contact Details

Post

PO Box 565 Mount Hawthorn Western Australia 6915

Office

342 Scarborough Beach Road

Osborne Park Western Australia 6017

Phone

NON-RENOUNCEABLE RIGHTS ISSUE

SHORTFALL NOTICE

Kin Mining NL (ASX: KIN or the Company) advises that its partially underwritten non-renounceable rights issue of 2 new share for every 5 shares held, at an issue price of $0.08 per new share ( Rights Issue ), closed as scheduled on 14 November 2018.

In accordance with Appendix 7A of the ASX Listing Rules, the Company advises that it received valid acceptances for 48,862,150 new shares ($3.909M), with a shortfall remaining of 81,030,081 new shares.

Shares associated with the acceptances above are scheduled to be issued to shareholders on 21 November 2018.

The Rights Issue (shortfall component) is partially underwritten (66,289,610 new shares or $5,303,169) by Company shareholders who also took up their full entitlement in the Rights Issue.

This leaves a shortfall following underwriting of 14,740,470 new shares. The Directors reserve the right, subject to the requirements of the Corporations Act and ASX Listing Rules, to place any Shortfall Shares within three months after the Closing Date at the Directors discretion and at a price not less than the offer price.

Underwriten shares and any placement of the Shortfall shares will be dealt with following completion of the AGM and requisitioning shareholders meeting scheduled for 29 November 2018.

Upon completion of the Rights Issue, Underwriting and Placement for Shortfall, the total funds raised will be approximately A$10.4 million before costs.

08 9242 2227

Email

-ENDS-

info@kinmining.com.au

Website

www.kinmining.com.au

For further information, please contact:

Shares on Issue 316,274,806

Unlisted Options 37,335,750

Investor enquiries

Andrew Munckton Chief Executive Officer, Kin Mining NL +61 (0) 8 9242 2227

Media enquiries

Michael Vaughan Fivemark Partners +61 422 602 720