How to Investing in the TG Metals Limited’s Shares

TG Metals Limited

ASX: TG6

Latest & Upcoming IPOs

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TG Metals Limited is a Perth-based exploration company and to pursue nickel, lithium, gold and other mineral exploration. It is set to list on the Australian Securities Exchange (ASX).

TG Metals Limited was looking to raise $6 million at $0.20 per share in its initial public offering (IPO). The Public Offer opens on 12 Apr 2022 and closes on 9 May 2022. The date for quotation on ASX is 26 May 2022.

Note: The dates shown on this page are indicative only and may change without notice.

IPO Summary

ASX codeTG6
NameTG Metals Limited
Websitehttps://www.tgmetals.com.au/
Share RegistryAutomic Group
UnderwriterNot underwritten Barclay Wells Ltd (Lead Manager)
Opening Date for the Public Offer:12 April 2022
Closing Date for the Public Offer:9 May 2022
Date for New Shares to commence trading on ASX26 May 2022 1:00 PM 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 Date27,322,914
Shares to be issued under the Public Offer30,000,000
Total Shares57,322,914
Escrow17,021,373 Shares and 12,371,013 Options (a period of 24 months from quotation)
 1,204,166 Shares (a period of 12 months from 2 March 2022)
2,114,774 Options (a period of 12 months from 30 March 2022)
 5,110,000 Performance Rights (a period of 24 months from quotation)

Source: TG Metals Limited prospectus

Daily Gross Short Sales in Last 8 Days

DateGross Short Sales
Apr 25,20240
Apr 24,20240
Apr 23,20240
Apr 22,20240
Apr 19,20240
Apr 18,20240
Apr 17,20240
Apr 16,20240

Aggregate Short Position

The chart below was represented aggregate short sales. (Data is from ASIC with a lag of 4 trading days (T+4))

No Data

TG Metals Limited stock price (ASX:TG6)

TG Metals Limited Dividend Policy

TG Metals Limited does not expect to declare any dividends during that the first two-year period following the date of the IPO Prospectus.
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