Many Peaks Gold Limited is a Australia-based exploration company and to pursue copper and gold exploration. It is set to list on the Australian Securities Exchange (ASX).
Many Peaks Gold Limited has 3 projects – Mt Weary Gold Project, Rawlins Copper-Gold Project and Monal Gold Project.
*Mt Weary Gold Project – The Mt Weary Project is comprised of several Prospects associated with small intrusions and breccia bodies formed near the margin of the large Lawyer Granite intrusion complex.
*Rawlins Copper-Gold Project – The Rawlins Copper-Gold Project is comprised of 3 copper-gold prospects. These three Prospects are clustered together on the margin of a significant annular feature in regional magnetic datasets. The aerial magnetic anomalies are coincident with several zones of surface copper-gold anomalism returned in surface sampling and mapping completed by the Company in the 18 month period prior to listing.
*Monal Gold Project – Largest cluster of old mines in the district including numerous underground workings.
Many Peaks Gold Limited raised $5,500,000 at $0.20 per share in its initial public offering (IPO). The Offer opens on 31 Jan 2021 and closes on 21 Feb 2021. The date for quotation on ASX is 16 Mar 2022.
Note: The dates shown on this page are indicative only and may change without notice.
IPO Summary
| ASX code | MPG |
| Name | Many Peaks Gold Limited |
| Website | https://manypeaks.com.au/ |
| Share Registry | Computershare Investor Services Pty Limited |
| Underwriter | Not underwritten. 708 Capital Pty Ltd (Lead Manager). |
| Opening Date for the Offer: | 31 January 2022 |
| Closing Date for the Offer: | 21 February 2022 |
| Date for New Shares to commence trading on ASX | 16 March 2022 1:00PM AEDT |
| Funds to be raised under the Public Offer (before costs) | $5,500,000 |
| Offer price per Share | $0.20 |
| Shares on issue at the Prospectus Date | 10,000,000 |
| Shares to be issued under the Public Offer | 27,500,000 |
| Total Shares | 38,675,000 |
| Escrow | 3,548,000 Shares, 7,300,000 Options and 1,250,000 Performance Rights (a period of 24 months from quotation) |
| 3,025,000 Shares and 500,000 Options (a period of 12 months from the date of issue) |
Source: Many Peaks Gold Limited prospectus