Xstate Resources Limited (ASX:XST) Extends Public Offer Period for ASX Re-admission
Offer Period Extension
Xstate Resources Limited (ASX:XST) has extended the closing date of its public offer to Thursday, 21 August 2025 at 5:00pm AWST. This extension allows final applications to be processed and funds banked, ensuring the Company meets ASX re-admission conditions.
Re-admission Conditions
The ASX requires Xstate Resources to raise at least $2 million from 300 new applications for re-admittance to the Official List. The Board is confident in meeting these conditions upon successful completion of the offer.
Timetable for Re-instatement
The Company aims to close the offer by Thursday, 21 August 2025, complete the offer and acquire 51% of ATP 2077 by Thursday, 28 August 2025, and be reinstated to trading on Tuesday, 9 September 2025. However, the Offer may close earlier if the conditions are met prior to the stated dates.
Application Process
Existing shareholders and prospective applicants can apply via the Re-compliance Prospectus and Application Forms available on the Company’s website or by contacting the Company via email.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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