Sierra Nevada Gold Inc is an US resources company exploring a portfolio of copper and gold projects in the USA . It is set to list on the Australian Securities Exchange (ASX).
Sierra Nevada Gold Inc has 5 projects – Blackhawk Project, Colorback Project, Warrior Project, New Pass Project and Generative Project.
*Blackhawk Project – Sierra Nevada has identified two major and extensive components of a large mineralised system at its Blackhawk Project – an epithermal component and a porphyry component. The Blackhawk epithermal vein system is prospective for high grade, structurally controlled Ag-Au and base metal deposits.
*Colorback Project – The Colorback Project is prospective for Carlin style gold deposits. The Colorback Project consists of 42 contiguous 20 acre claims and covers an area of 3.4km2.
*Warrior Project – Warrior project is a large historic mining centre contained within a substantial alteration system that is prospective for high grade vein and disseminated Au-Ag epithermal, skarn breccia and carlin style deposits.
*New Pass Project – The New Pass Project is prospective for epithermal-style gold deposits and jasperoid-hosted Carlin style gold deposits within the NW orientated Austin Trend.
*Generative Project – Sierra Nevada has established a grassroots generative program to detect large-scale hydrothermal systems capable of hosting tier-one deposits within the underexplored Walker Lane Trend of southwest Nevada.
Sierra Nevada Gold Inc raised $10,031,000 at $0.50 per share in its initial public offering (IPO). The Offer opens on 11 March 2022 and closes on 31 March 2022. The date for quotation on ASX is 3 May 2022.
Note: The dates shown on this page are indicative only and may change without notice.
IPO Summary
| ASX code | SNX |
| Name | Sierra Nevada Gold Inc |
| Website | https://sngold.com.au/ |
| Share Registry | Computershare Investor Services Pty Limited |
| Underwriter | Not underwritten. Bell Potter Securities Limited (Lead Manager). |
| Opening Date for the Offer: | 11 March 2022 |
| Closing Date for the Offer: | 31 March 2022 |
| Date for New Shares to commence trading on ASX | 3 May 2022 11:30 AM AEST |
| Funds to be raised under the Public Offer (before costs) | $10,031,000 |
| Offer price per Share | $0.50 |
| Shares on issue at the Prospectus Date | 36,000,000 |
| Shares to be issued under the Public Offer | 20,062,000 |
| Total Shares | 56,062,000 |
| Escrow | 14,434,135 Shares, 1,782,210 Options and 3,345,000 Performance Rights (a period of 24 months from quotation) |
| 817,800 Shares (a period of 12 months from the date of issue) |
Source: Sierra Nevada Gold Inc prospectus