Business Services Industry
Sino Gold leads festive float rush.
Australasian Business Intelligence, November, 2002
Nov 21, 2002 (The West Australian - ABIX via COMTEX)
Australian-based Sino Gold has closed its $A18m float heavily oversubscribed. The China-focused gold producer is expected to have a market capitalisation of more than $A100m when its lists, with an additional $A39m in cash for projects in China. Meanwhile, three junior explorers, Apollo Gold Mining, Rawson Resources and Beach Petroleum, have launched initial public offers in preparation of December 2002 floats. Apollo is offering 25 million shares at $A0.20 each, with a free $A0.20 three-year option in a bid to raise $A5m. Rawson Resources is offering 25 million shares at $A0.20 each. Beach Petroleum has announced that its spin-off vehicle, Ramelius Resources, is hoping to raise $A6m, with the issue of 30...
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