Coolabah Metals Limited is a Australia based minerals exploration company and focused on Gold & Base Metals in the NSW and QLD. It is set to list on the Australian Securities Exchange (ASX).
Coolabah Metals Limited has 3 projects – Coolabah Project, Nymagee Project and Gunpowder Creek Project.
*Coolabah Project – It comprises four granted exploration licenses covering an area of 1,177km2. The previous geochemistry highlighting significant copper anomalism coincident with magnetic anomalies akin to the nearby Girilambone-Triton-Constellation Copper Deposits Anomalies.
*Nymagee Project – It comprises three granted exploration licenses covering 533.3km2. It is within close proximity to known high-grade polymetallic Cobar Style Deposits.
*Gunpowder Creek Project – It comprises one exploration permit for minerals covering 119km2. Its with a previous 5km strike length of historic gold workings with high grade rock chip samples up to 32g/t gold.
Coolabah Metals Limited was looking to raise up to $6 million at $0.20 per share in its initial public offering (IPO). The Public Offer opens on 9 May 2022 and closes on 6 Jun 2022. The date for quotation on ASX is 28 July 2022.
Note: The dates shown on this page are indicative only and may change without notice.
IPO Summary
| ASX code | CBH |
| Name | Coolabah Metals Limited |
| Website | https://coolabahmetals.com.au/ |
| Share Registry | Automic Pty Ltd |
| Underwriter | Not underwritten. Barclay Pearce Capital Pty Ltd and CPS Capital Group Pty Ltd (Joint Lead Managers) |
| Opening Date for the Public Offer: | 9 May 2022 |
| Closing Date for the Public Offer: | 6 Jun 2022 |
| Date for New Shares to commence trading on ASX | 28 July 2022 2:00pm AEST |
| Funds to be raised under the Public Offer (before costs) | $6,000,000 |
| Offer price per Share | $0.20 |
| Shares on issue at the Prospectus Date | 14,200,001 |
| Shares to be issued under the Public Offer | 30,000,000 |
| Total Shares | 50,950,001 |
| Escrow | 13,750,000 Shares and 7,550,000 options (a period of 24 months from quotation) |
| 3,500,000 Shares (a period of 12 months from the date of issue) |
Source: Coolabah Metals Limited prospectus, official website.