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XSTATE RESOURCES LIMITED — Capital/Financing Update 2025
Jul 23, 2025
66107_rns_2025-07-23_a352ff5e-6d5b-42c3-98ad-ab3c64a11f09.pdf
Capital/Financing Update
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ABN 96 009 217 154
Electronic lodgement
Announcement to ASX
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24 July 2025
PROSPECTUS OFFER PERIOD EXTENDED
Xstate Resources Limited ( ASX:XST ) ( Xstate or the Company ) advises that it has extended the closing date of the public offer under its Re-compliance Prospectus dated 26 June 2025 ( Offer ) to Thursday, 7 August 2025 at 5:00pm AWST.
An updated indicative timetable for re-instatement of the Company’s Shares to trading on the ASX is as follows.
| s follows. | |
|---|---|
| Event | Date |
| General Meeting | Monday 28 July 2025 |
| Obtain ASX conditional approval to re-list | Wednesday 30 July 2025 |
| Re-compliance Prospectus Offer closes | Thursday 7 August 2025 |
| Complete Offer and Acquisition of 51% of ATP 2077 | Thursday 14 August 2025 |
| Re-instatement to trading | Tuesday 26 August 2025 |
Existing shareholders and prospective applicants are encouraged 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 approval at an upcoming shareholder meeting, and completion of the Offer, the Company will hold exploration assets located in Queensland, Australia. The Company additionally holds exploration assets and in the Sacramento Basin, California.