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.