Uran to spin-off Great Western in $3m IPO

West Perth-based uranium explorer Uran Ltd's has announced plans to spin-off its nickel exploration assets through subsidiary Great Western Exploration in a $3 million initial public offer.

Uran will transfer its 80 per cent holdings in the Mt Gibb and Hatters Hill nickel projects, in the Forrestania Green Belt, to Great Western under the spin-off.

Great Western, which is scheduled to list on the ASX in May this year, will offer 15 million shares at 20 cents each, with 11 million to be offered to Uran shareholders on a priority basis.


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Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 31/08/17

1 year TSR5 year TSR
220thFortescue Metals Group30%15%
717 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$510k Bought
$52k Bought
$6.9m Bought
Total value as at the date of the transaction
Source: Morningstar


th-Fortescue Metals Group$10,999.7m
491 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Fortescue Metals Group

4thNev Power$5.324m
663rdMark Barnaba$223k
779thSharon Warburton$170k
Ranked by total remuneration from all listed WA companies

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