WITH a sharp slump last year in the number and value of stock market floats, and little sign of a recovery, more emerging companies will likely pursue a backdoor listing.
Mavuzi Resources Ltd, the spin-off of Perth-based uranium company OmegaCorp Ltd, has issued a prospectus for its initial public offer, aiming to raise $8.8 million for further exploration and development.
Shares in Perth-based uranium company OmegaCorp Ltd have soared on a scrip offer worth almost $222 million from London-listed Central African Mining & Exploration Company Plc, coming after Canada-based Denison Mines Ltd's takeover bid last December.
PERTH-BASED uranium company OmegaCorp Ltd has revealed details of its plans to spin-off its subsidiary Mavuzi Resources Ltd in an $8.8 million public offer ahead of the OmegaCorp takeover by Canada’s
Perth-based uranium company OmegaCorp Ltd has revealed the details of its plans to spin off its subsidiary Mavuzi Resources Ltd, in an $8.8 million initial public offer ahead of the OmegaCorp takeover by Canada's Denison Mines Corp.
Perth-based heavy mineral sands explorer OmegaCorp Ltd has announced the final details of the initial public offering of its wholly owned subsidiary Mantra Resources Ltd, on the ASX, aiming to raise $6.4 million.
Heavy mineral sands explorere Omegacorp Ltd has raised $10.8 million through a placement of 20.8 million ordinary shares at 52c each, to finance the company's Kariba Uranium project in Zambia.
LOCAL listed uranium junior OmegaCorp has committed to advance to a 70 per cent interest in the Kariba uranium exploration prospect in Zambia, southern Africa.
OmegaCorp Limited - July 2Proposed code: OMCIssue price: $0.20Principal activities: Heavy mineral sands explorationCorporate: Ian Middlemas (chairman); Matthew Yates (director); Mark Pearce (director)
OmegaCorp Limited - July 2Proposed code: OMCIssue price: $0.20Principal activities: Heavy mineral sands explorationCorporate: Ian Middlemas (chairman); Matthew Yates (director); Mark Pearce (director)
July 2 - OmegaCorp Limited
Proposed code: OMC
Issue price: $0.20
Principal activities: Heavy mineral sands exploration
Corporate: Ian Middlemas (chairman); Matthew Yates
25 May 2004
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