Kingstone Mining secures HK$19m in share subscriptions

China Kingstone Mining Holdings Limited entered into subscription agreements with seven subscribers to issue 106,741,574 new shares at HK$0.178 per share, totaling HK$19,000,000. These subscription shares represent approximately 27.41% of existing issued shares and 21.51% of the enlarged share capital.

The net proceeds, estimated at HK$18.6 million after deducting HK$0.4 million in expenses, will be allocated primarily to general working capital (HK$5.58 million or 30%) and business growth initiatives (HK$13.02 million or 70%). Expansion plans include enhancing the food brand business's inventory and supply chain, and exploring new high-potential ventures, such as a proposed acquisition of gold mining rights in Chile, with an estimated initial exploration cost ranging from HK$10 million to HK$30 million.

The subscription agreements are conditional upon shareholder approval at a special general meeting scheduled for November 10, 2025, and listing committee approval for the new shares. The long stop date for these conditions has been extended to November 15, 2025.