Frontier Diamonds - IPO Offering
| Categories: | Securities, Unissued Securities |
| Sale Type: | Asking Price |
| Price Guide: | AUD IPO Raising A$4M at A$0.20 per share (plus oversubscriptions up to A$2M) |
| Status: | Closed |
Summary:
Frontier Diamonds Limited, is an unlisted public company listing on the ASX. The Company’s current focus is largely on two operating diamond mines in South Africa – Star and Sedibeng. The Company is utilising their extensive expertise in engineering services and operations to make productivity improvements at these two operations, which have good grades, produce relatively high value diamonds and have resources to last at least 15 years. The Company is also actively looking at other opportunities in its strategy to grow into a significant producer of high quality diamonds.
Key Offer Details
IPO New Shares- Up to 30,000,000
IPO price per share
- A$0.20
Total number of Shares on issue upon IPO
- 209.6M
Gross proceeds to the Public Offer
- Minimum - A$4,000,000
- Maximum – A$6,000,000
The Offer is expected to close in early December 2017
The commencement of trading on ASX is expected to commence in mid December 2017.
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