15/01/2010 - 15:40

Barra given priority in Wild Acre float

15/01/2010 - 15:40

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Shareholders in West Perth-based Barra Resources will have priority in new float Wild Acre, which is seeking up to $2.5 million in its initial public offer.

Barra given priority in Wild Acre float

Shareholders in West Perth-based Barra Resources will have priority in new float Wild Acre, which is seeking up to $2.5 million in its initial public offer.

The company is acquiring a portfolio of gold and nickel assets from Barra, and plans to list on the Australian Securities Exchange in early March.

Perth-based Wild Acre plans to issue up to 12.5 million shares at 20 cents each to raise $2.5 million which will fund exploration of the projects, including the Quinns gold project at Mt Ida.

Should full subscription be reached, Barra shareholders will hold a 10 per cent stake in Wild Acre.

Grant Mooney will head up Wild Acre as executive chairman while Alan Downie will be executive director and Philip Snowden will serve as non-executive director.

 

 

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