West Perth-based gold and copper explorer Amex Resources Ltd has closed at 16 cents in its debut on the Australian Securities Exchange, down 20 per cent on its offer price of 20 cents.
West Perth-based gold and copper explorer Amex Resources Ltd has closed at 16 cents in its debut on the Australian Securities Exchange, down 20 per cent on its offer price of 20 cents.
The company, which announced the full acquisition of Teakdale Nominees Pty Ltd last week, was recapitalised from laser and optical levels developer Kanowna Technology Ltd.
Six of the company's nine tenements, eight held by Teakdale, are on the Archaean Norseman-Wiluna greenstone belt of the eastern goldfields, with other tenements located in the Pilbara, Peak Hill and Mt Windarra greenstone belt.
The company is chaired by founding Crescent Gold chief executive and founding Essa Australia Ltd chairman Dudley Kingsnorth. He is joined on the board by managing director Matthew Collard and geologist Nicholas Revell.
Amex has retained BDO Kendalls as its auditor and Corrs Chambers Westgarth as lawyers to the firm.