Novus Capital set to take Lukin Resources public
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Early stage explorer Lukin Resources has its sights set on an IPO in August or September, having closed a pre-IPO round at the upper end of its $450,000 to $550,000 target.
The company, which has assets in Australia as well as a combination of development and exploration assets in South Africa, has appointed Novus Capital as its lead manager.
Lukin Resources has a range of exploration projects under way, including in gold.
Bloomberg
Novus also managed the pre-IPO raise for the business.
The IPO is expected to be conservatively priced at 20¢ per share, with its enterprise value to be a touch under $6 million.