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Mick Wilkes , Mt Isa , Around Oak , Western Australia , New Hope Coal ,

Kingston Resources' chairman backs company in $13m raising to advance Misima gold project

December 11, 2020
10SHARES
Kingston Resources’ (ASX: KSN) chairman Mick Wilkes has put his own money behind the company by subscribing for $500,000-worth of shares in a $13 million raising to advance Misima towards production.
The company has received binding commitments from institutional investors to subscribe for $12.5 million in shares at $0.26 each.
Mr Wilkes’ participation will bring the amount of funds raised to $13 million.
According to Kingston, the $12.5 million placement will introduce a number of new institutions to the company’s register.
The $0.26 issue price is an 11.2% discount to Kingston’s 10-day volume weighted average price.
Kingston managing director Andrew Corbett said the company was “delighted” with the response it had received from investors. ....

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