Kingston Resources Raises $11.6M via Share Placement and Entitlement Offer to Fund Mineral Hill Drilling

Deal Summary

Kingston Resources announced an $11.6 million capital raise comprising a $2.55 million share placement and a $9.1 million entitlement offer to fund an intensive near‑mine drilling campaign at its Mineral Hill project. The raise is underwritten by major shareholder Farjoy, with company directors also taking up entitlements. Funds will support drilling, resource updates and remediation costs.