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Merger of Orocobre Limited and Galaxy Resources Implemented
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Scheme of Arrangement Becomes Effective
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Orocobre Announces Court Approves Scheme
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Armada Metals Ltd Mandates IPO Lead Managers and Makes Strategic Board Appointment
Mandates IPO Lead Managers and Makes Strategic Board AppointmentSydney, July 27, 2021 AEST (ABN Newswire) - Armada Metals Limited (ACN 649 292 080) (Armada, AMM, or Company) is pleased to announce that it has engaged Canaccord Genuity Group Inc, and PAC Partners to act as joint lead managers for the Company s initial public offering (IPO), to raise up to A$10 million through the issue of new shares.
Highlights:
- Canaccord and PAC Partners mandated to joint-lead manage Armada s upcoming IPO where Armada will raise up to A$10 million
- Armada is well-funded with >US$1.5m USD in existing cash reserves as at Q1 2021, and on track for the planned ASX-listing
Armada Metals explores ASX listing, mandates brokers
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Metals explorer Armada Metals is ramping up preparations for life on the ASX boards, mandating PAC Partners and Canaccord Genuity to oversee its initial public offering.
Armada Metals is expected to seek to raise $10 million in the post reporting season floats rush, with funds raised to go towards trying to discover commodities in under-explored parts of Africa.
Armada Metals Ltd is preparing to drill a multi-target project looking for nickel and copper sulphides in Gabon. Â
Paul Jones
Pre-existing investors Cobre Ltd and Metal Tiger, both listed on the ASX, are expected to maintain or increase their stakes, along with mining-focused investment house Resource Capital Funds.