Wild Acre makes premium ASX debut

West Perth-based Wild Acre Metals has made a positive debut on the Australian stock exchange today having raised an oversubscribed $2.5 million in its initial public offer.

Shares in the gold and nickel explorer opened at 22.5 cents and then closed at 20.5c, a slight premium to its 20c issue price.

"Having successfully completed the oversubscribed IPO, we are now well funded to complete targeted exploration campaigns on all three of our identified projects," chairman Grant Mooney said.

Wild Acre is exploring the Quinns, Mt Ida South and Yerilla projects in the Goldfields.

Other board members include executive director Alan Downie and non-executive director Philip Snowden.