Australia  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Kingston Resources Ltd completes share placement, raises $4.3 million

Proactive Investors Friday, 10 May 2019
Kingston Resources Ltd (ASX:KSN) has completed a placement of 276 million shares at a price of 1.6 cents each, raising a net total of $4.3 million. Funds will go towards advancing the regional drill program at the company’s Misima Gold Project in Papua New Guinea, as well as increasing activities at its Livingstone Gold Project in WA. READ: Kingston Resources secures $4.3 million in placement, rights issue to follow  Kingston managing director Andrew Corbett said at the start of the placement that Misima was at an exciting point in its development, with the company drilling exploration targets outside of the existing resource. Corbett said: “These areas have not been the focus of any activity for almost two decades and are very prospective targets for Kingston. “In the next two quarters we will ramp up the regional drill program targeting satellite deposits at Misima. “The company will also increase activities at its Livingstone Gold Project.” READ: Kingston Resources estimates March quarter spend will increase interest in PNG GOLD project Assays from the Ginamwamwa prospect at Misima posted in late April showed strong gold grades including: 10 metres at 1.2 g/t gold from surface, including 1.4 metres at 4.06 g/t from 8.6 metres; 8 metres at 1.35 g/t from 2 metres; 2.6 metres at 2.43 g/t from 14.1 metres; and 1 metre at 6.18 g/t from 65 metres. Misima’s 2.8-million-ounce gold deposit positions Kingston as a compelling exploration company compared to its ASX-listed peers.
0
shares
ShareTweetSavePostSend
 
Credit: Wochit Entertainment - Published < > Embed
News video: ‘New’ Fox Reports Higher Profits

‘New’ Fox Reports Higher Profits 00:43

Broadcasting Cable reports that the new Fox Corp. reported higher profits in its first quarter as a stand-alone company. Net income for the broadcast giant was $529 million, or 85 cents a share, compared to $457 million, or 74 cents a share, a year ago. Revenues soared 12% to $2.752 billion.

Recent related videos from verified sources

Insurance Costs Rocket Up For U.S. IPOs [Video]Insurance Costs Rocket Up For U.S. IPOs

In the United States companies going public face insurance costs that have increased as much as 200% in the last three years to cover their executives against lawsuits alleging they misled investors...

Credit: Wochit Business     Duration: 00:39Published

Is A 'Hunger Games' Sequel A Good Idea? [Video]Is A 'Hunger Games' Sequel A Good Idea?

Business Insider reports that Lionsgate is planning a "Hunger Games" prequel movie, based on an upcoming novel. The four "Hunger Games" movies were successful. However, a prequel isn't guaranteed to be..

Credit: Wochit Entertainment     Duration: 00:38Published

Which Sequels Flopped in 2019? [Video]Which Sequels Flopped in 2019?

Business Insider reports that the 2019 domestic and worldwide box offices are down compared to this time last year. Some big named sequels opened in theaters with a thud, making much less than previous..

Credit: Wochit Entertainment     Duration: 00:38Published

'Men in Black: International' Flops At The Box Office [Video]'Men in Black: International' Flops At The Box Office

LOS ANGELES (Variety.com) - Hollywood seems to be coming down with a contagious case of franchise fatigue this summer, as “Men in Black: International” and “Shaft” become the latest sequels..

Credit: Wochit Entertainment     Duration: 00:35Published

Men in Black: International Is In The Red [Video]Men in Black: International Is In The Red

For better or worse, with the number of entertainment options available at home, the threshold for summer movies has been raised, and it takes more than a familiar property and a few recognizable stars..

Credit: Wochit Entertainment     Duration: 00:46Published

'Avengers: Endgame' Can't Save Box Office From Duds [Video]'Avengers: Endgame' Can't Save Box Office From Duds

"Avengers: Endgame" is one of the highest grossing movies of all time. Still, the domestic 2019 box office is still down from last year by 6%, and the worldwide box office is down as well. Recent..

Credit: Wochit Entertainment     Duration: 00:42Published

Lionel Messi Tops Forbes Highest Paid Athlete List [Video]Lionel Messi Tops Forbes Highest Paid Athlete List

Lionel Messi Tops Forbes Highest Paid Athlete List The annual top 100 list of the highest paid athletes in the world was released by 'Forbes' on Tuesday. This year's top ten was headlined by soccer..

Credit: Wibbitz Top Stories     Duration: 01:19Published

Amazon Makes $8 Million Donation to Fight Homelessness [Video]Amazon Makes $8 Million Donation to Fight Homelessness

Amazon Makes $8 Million Donation to Fight Homelessness The donations will go to nonprofits in Seattle, Washington, and Arlington, Virginia. These are the two cities where Amazon's main headquarters..

Credit: Wibbitz Top Stories     Duration: 01:23Published


Recent related news from verified sources

Kingston Resources board members participate in rights issue

Kingston Resources Ltd (ASX:KSN) board members Andrew Corbett, Anthony Wehby, Mick Wilkes, and Stuart Rechner have all participated in the recent capital...
Proactive Investors

Pantoro managing director accepts permanent role with company

Pantoro Ltd’s (ASX:PNR) managing director Paul Cmrlec has accepted a permanent role with the company as it focuses on transitioning to become a mid-tier miner...
Proactive Investors

Artemis Resources raising $1.5 million for Carlow Castle resource development

Artemis Resources Limited (ASX:ARV) is undertaking a share purchase plan (SPP) to raise a minimum of $1.5 million with a large amount of funds to be allocated to...
Proactive Investors

S&P/ASX 200 eyes new all-time highs, Afterpay raising $330 million

S&P/ASX 200 (INDEXASX:XJO) futures are pointing to another green session after the market closed on highs yesterday not seen since late 2007. The ASX 200 is...
Proactive Investors

Lake Resources shares rise after confirming further high-grade lithium brine at Cauchari

Lake Resources NL (ASX:LKE) has confirmed further high-grade lithium brine results from high flow brines at its Cauchari Lithium Brine Project in Argentina....
Proactive Investors

Peel Mining major shareholder St Barbara increases stake

Peel Mining Ltd’s (ASX:PEX) major shareholder and gold producer St Barbara Ltd (ASX:SBM) has increased its stake in the company by 4.34 million shares. St...
Proactive Investors

Kin Mining will use $2.1 million placement funds to finalise Cardinia gold PFS

Kin Mining NL (ASX:KIN) will use $2.1 million raised in a successful placement to a number of existing sophisticated shareholders to complete a pre-feasibility...
Proactive Investors

You Might Like


Other recent news in Business

Michel PLATINI detained in 2022 World Cup probeIran says CIA spy network dismantled, as US deploys 1000 additional troops to MIDDLE EAST
Core Lithium crosses a major milestone towards becoming AUSTRALIA’s next lithium producerArgentina, Uruguay restore power after MASSIVE BLACKOUT
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.