Nickel-gold explorer Panther Metals says it is ready for an imminent start drilling after landing on the ASX following a $5 million oversubscribed IPO.
The corporate regulator has strongly criticised company directors and lead managers involved in mining IPOs, saying they often have conflicts of interest, favour select clients and are focused on chasing short-term gains.
Three Western Australian companies led by experienced mining executives are hoping to defy the slump in new stock market listings by launching initial public offerings over the past week.
Todd River Resources has closed higher on its ASX debut, after spinning-out of Perth-based minerals explorer TNG and raising $6 million in an initial public offering.
Six listed companies based in Perth have announced funding deals worth a combined $36.9 million, with the largest being a $20.6 million capital raising by gold explorer Orecorp.
TNG spin-out Todd River Resources has raised $6 million from its initial public offering ahead of its ASX debut, which could occur before the end of the month.
