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Flynn Gold Ltd doubles down at Tasmanian gold assets following ASX debut
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Flynn Gold Ltd begins trading on ASX with exploration drilling underway at Golden Ridge Project
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ASX Today: Subdued start as US holiday weighs
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Shares looked set to open little changed as inflation concerns continued to die down, boosting Wall Street.
ASX futures advanced three points or 0.04 per cent as US stocks closed modestly higher on diminished volume ahead of the Memorial Day long weekend. The S&P/ASX 200 fell 23 points yesterday to its first loss in five sessions.
Overnight, gold settled above US$1,900. Copper was boosted by a strike in Chile. Oil inched higher. Iron ore was unchanged.
Wall Street
Reopening stocks led the advance as US stocks continued to heal from their latest inflation tantrum. The
Flynn Gold raises $10 million from oversubscribed initial public offer to advance gold exploration
Flynn is aiming to commence diamond drilling at its flagship Golden Ridge project in Tasmania in early May. The company will have a market capitalisation of A$19 million at the IPO issue price.
Flynn Gold Ltd has closed its initial public offer (IPO) after raising the maximum amount under the offer of $10 million.
Following its oversubscribed placement, Flynn will now progress its plans to list on ASX and is currently expecting to commence trading of its shares on or around May 10, 2021 under the code FG1.
Multiple exploration licences