Aluminex Resources Ltd's listing date has been pushed back by over a week after extending a deadline to accept late applications for its $10 million initial public offer.
Late last month the Perth-based company reached its minimum subscription level of $2.5 million a day before the offer was scheduled to close, however on its website advised that it will accept late applications until September 9.
The deadline extension has pushed back its anticipated listing date of September 15 to around September 25, managing director David O'Farrell told WA Business News.
He added that the company has closed its IPO and managed to raise over $2.5 million, a good result given the current market conditions for capital raisings and listing hopefuls.
Funds raised will be used to explore the company's suite of tenements in Western Australia and the Northern Territory that are prospective for bauxite, nickel, gold, base metals and uranium.
Its flagship project is the Wandoo bauxite project located in the Darling Ranges of WA which contains a resource of 50 million tonnes of bauxite and an estimated 15Mt of extractable alumina.
The project is close to railways and infrastructure, with the Great Northern Highway passing through the area.
Joining Mr O'Farrell on the board is chairman Simon England and directors John Watts and David Zohar.