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XSTATE RESOURCES LIMITED — Capital/Financing Update 2025
Aug 13, 2025
66107_rns_2025-08-13_cb1a4db6-187a-4751-b0d2-3230c5674e6f.pdf
Capital/Financing Update
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ABN 96 009 217 154
14 August 2025
Electronic lodgement
Announcement to ASX
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RE-COMPLIANCE PROSPECTUS OFFER UPDATE
Xstate Resources Limited ( ASX:XST ) ( Xstate or the Company ) is pleased to advise that the Company has, with the assistance of the Joint Lead Managers, raised more than the minimum subscription of $2.0m under the Company’s Re-compliance Prospectus offer from more than 300 new applicants. The Company is now well placed to satisfy the ASX’s conditions to re-instatement of the Company’s shares to trading on the ASX.
An updated indicative timetable for re-instatement of the Company’s Shares to trading on the ASX is as follows, noting the Company may close the offer earlier, and reinstatement is at ASX’s discretion.
| Event | Date |
|---|---|
| Re-compliance Prospectus Offer closes | Thursday 21 August 2025 |
| Complete Offer and Acquisition of 51% of ATP 2077 | Thursday 28 August 2025 |
| Re-instatement to trading | Tuesday 9 September 2025 |
Existing shareholders and prospective applicants are still able to apply via the Re-compliance Prospectus and Application Forms available from the Company’s website, https://www.xstateresources.com/access-terms or by contacting the Company via email at [email protected]. If the Company’s Shares are not re-instated to trading on the ASX by 26 September 2025 (or such later date as permitted by the Corporations Act), the Company will return any funds received under the Offer in accordance with the Re-compliance Prospectus.
This announcement has been authorised for release by the Board of Directors.
Andrew Bald
Managing Director
About Xstate Resources Limited:
Xstate Resources (ASX Code: XST) is an ASX listed company focused on the oil and gas sector. Subject to completion of the Offer, the Company will hold exploration assets located in Queensland, Australia. The Company additionally holds exploration assets in the Sacramento Basin, California.