Today, we feature our Commentary Note published yesterday on Animoca Brands, which has a Private Trading Hub operating on the PrimaryMarkets Platform.
Secondly, Andean Mining Corporation has signed a binding Term Sheet to merge with Erinbar Limited and list on the ASX and is now raising capital through the issue of pre IPO Convertible Notes.
Finally, a new TechTalk video featuring a round table of Mining industry experts discussing investing on the topic “Mining tech offers massive upside for resources industry and its investors.”
A Commentary Note has been published on Animoca Brands a company which has a Private Trading Hub on the PrimaryMarkets Platform.
Commenatry Note Summary:
- Animoca Brands is a global games developer leveraging popular brands, gamification, blockchain and mobile technology to deliver apps ranging from games to fitness.
- It listed on PrimaryMarkets on July 6 after raising US$4.1m in unsecured convertible notes (coupon rate of 9% and conversion price of $0.18/share). The company was previously listed on the ASX.
- We have undertaken a Compco valuation giving consideration to Animoca Brands’ earlier lifecycle and have arrived at an indicative peer valuation of $0.25/share.
To register for the Animoca Brands Private Trading Hub or to view the full Commentary Note Click Here.
Andean Mining Corporation : This Australian company has purchased 100% of the high grade El Dovio VMS copper/gold advanced exploration project in Colombia and signed a binding
Term Sheet to merge with Erinbar Limited and list on the ASX.
Erinbar has entered into a farm in agreement on the Ducie gold project in Ghana. Following the IPO the Company also intends to undertake exploration on the Ducie project.
The Company is now raising A$250,000 through the issue of convertible notes as working capital funding to an IPO which is planned for Q4 2020.
The Notes will convert at a 20% discount to the IPO issue price or at a 40% discount if the IPO does not go ahead using a base price of A$0.05. The Notes will attract a 15% coupon rate which will be capitalised and converted into Andean shares prior to the IPO.
For more information and a video presentation Click Here.
The TechTalk expert panel this week is Paul House, CEO, Imdex and Leigh Rigg, CEO HiSeis, along with Tim Knapton Founder & CEO, TechVoyage. This week the panel discusses “Mining tech offers massive upside for resources industry and its investors.”