MetalsGrove Mining Ltd is a Australia-based exploration company and to pursue lithium, tin, tantalum, manganese, copper, gold, rare earth and base metal exploration. It is set to list on the Australian Securities Exchange (ASX).
MetalsGrove Mining Ltd was looking to raise up to $6,400,000 at $0.20 per share in its initial public offering (IPO). The Public Offer opens on 21 May 2022 and closes on 13 Jun 2022. The date for quotation on ASX is 6 July 2022.
Note: The dates shown on this page are indicative only and may change without notice.
IPO Summary
| ASX code | MGA |
| Name | MetalsGrove Mining Ltd |
| Website | https://metalsgrove.com.au/ |
| Share Registry | Automic Pty Ltd |
| Underwriter | Not underwritten. Westar Capital Ltd (Lead Manager). |
| Opening Date for the Public Offer: | 21 May 2022 |
| Closing Date for the Public Offer: | 13 June 2022 |
| Expected date for New Shares to commence trading on ASX | 6 July 2022 1:00pm AEST |
| Funds to be raised under the Public Offer (before costs) | $6,400,000 |
| Offer price per Share | $0.20 |
| Shares on issue at the Prospectus Date | 9,510,000 |
| Shares to be issued under the Public Offer | 32,000,000 |
| Total Shares | 52,710,000 |
| Escrow | 15,509,500 Shares, 5,500,000 Options and 4,270,000 Performance Rights (a period of 24 months from quotation) |
| 1,200,000 Shares (a period of 12 months from the date of issue) |
Source: MetalsGrove Mining Ltd prospectus