🕐17.11.09 - 06:12 Uhr
Q Copper launches Australias largest resources float of 2009
Q Copper media release
17 November 2009
Q Copper launches A$214M IPO - Australias largest resources float of 2009
Key points:
- Prospectus lodged for A$214M Initial Public Offering of Q Copper
Limited,
- ASX-listing likely to occur prior to Christmas,
- Up to 214 million shares to be issued (at A$1 per share) with
international road show coordinated by IPO Lead Manager Patersons
Securities underway, and
- Funds raised will be used to acquire Lady Annie Project from Cape
Lambert Iron Ore Limited (to be known as Cape Lambert Resources Ltd), to
provide working capital to recommence mining operations, and to undertake
aggressive near mine and regional exploration programs.
Australian copper mining and exploration company, Q Copper Australia
Limited ("Q Copper") s lodged its Initial Public Offering Prospectus ("IPO
Prospectus") for the issue of up to 214 million shares at A$1 per share to
raise up to A$214m before costs, with the Australian Securities and
Investment Commission ("ASIC").
Patersons Securities Limited is Lead Manager to the IPO and has, together
with representatives of the Company, commenced an international road show.
Funds raised from the Q Copper IPO will be used to:
Aquire a 100% interest in the Lady Annie Project in Queensland ("Lady
Annie") from Cape Lambert Iron Ore Limited (ASX: CFE) ("Cape Lambert"),
and
Provide working capital for the recommencement of mining and copper cathode
production at Lady Annie and fund significant near mine and regional
exploration programs at the project.
The Lady Annie Project is an established open pit, oxide copper mine
utilising heap leach, and solvent extraction and electrowinning technology
to produce London Metal Exchange Grade A copper cathodes.
It has been on
care and maintenance since February 2009.
As at 30 June 2009 the Lady Annie Project had a total oxide Mineral
Resource of 24 Mt at 0.9% Cu containing 223,400t of copper metal and a
total transition plus sulphide Mineral Resource of 15.8Mt at 0.8% Cu
containing 127,300t of copper metal.
To read the full announcement click here
http://esp.gewru.com/download/files/12414/997693/Q%20Copper%20launches%20A_214M%20IPO%20-%20Australia___s%20largest%20resources%20f.pdf
For more information please contact:
David Tasker
Professional Public Relations:
T: +61 8 9388 0944/ +61433 112 936
E:
---------------------------------------------------------------------------
This email was sent by David Tasker, PPR (WA) Pty Ltd, Level 1, 588 Hay
Street, Subiaco WA 6008 Western Australia to
Unsubscribe:
http://esp.gewru.com/download/forms/u/7ca8f71/1721201107.html
---------------------------------------------------------------------------
Products & Services | Jobs
|