Search

Stonehenge IPO to raise $6 million

Perth-based tin and nickel miner Stonehenge Metals Ltd has announced plans to raise up to $6 million through its initial public offer to acquire a series of mineral tenements. Through the issue of 30 million shares at 20 cents each, the company aims to focus on the tin provinces of western Tasmania. Stonehenge has set a minimum subscription amount of $4 million, and will accept oversubscriptions of 10 million shares, for a further $2 million. The shares on offer represent a 61.6 per cent stake in the company. Stonehenge is chaired by XRF Scientific and Finbar International chairman Paul Rengel, with Todd Hibberd working as managing director. They are joined on the board by Central West Gold NL and Eagle Eye Metals Ltd director Warren Staude, and Balkans Gold Ltd director Andrew Parker. Novus Capital Ltd is sponsoring broker to the deal, with Trident Capital Pty Ltd acting as corporate adviser. Horwath Securities (WA) Pty Ltd will serve as investigating accountant, with Horwath Audit Pty Ltd employed as auditor to the deal. The offer, which is not underwritten, will open on November 8 and close December 6.

Add your comment

BNIQ sponsored byECU School of Business and Law

Students

6th-Australian Institute of Management WA20,000
7th-Murdoch University16,584
8th-South Regional TAFE10,549
9th-Central Regional TAFE10,000
10th-The University of Notre Dame Australia6,708
47 tertiary education & training providers ranked by total number of students in WA

Number of Employees

BNiQ Disclaimer