Date: 31th May 2021
Legacy Minerals Appoints CLSA & Saint Gabriel as IPO Joint Lead Managers
Legacy Minerals Holdings Ltd (“Legacy Minerals” or the “Company”) is pleased to advise it has appointed CLSA Australia and Saint Gabriel Corporate Advisory as Lead Managers for its upcoming Initial Public Offering (IPO) to raise up to $7 million. The Company plans to list on the Australian Securities Exchange (ASX) in August 2021.
Legacy Minerals is focused on the exploration and discovery of gold and copper deposits across its portfolio of tenements spanning 757km2 in the world class Lachlan Fold Belt of NSW.
Leveraged to increasing interest and price strength of gold and copper, the Company’s five 100% owned projects target porphyry, epithermal, Cobar style, VHMS and low sulphide quartz vein mineralisation styles. These projects provide the Company with significant exposure in a mineral province that hosts world-class, tier-one orebodies including Cadia Valley (Copper/gold porphyry – Newcrest), Cowal (Gold epithermal – Evolution) and CSA (Copper – Glencore) mines.
With a strong cash position from an oversubscribed pre-IPO raise in March 2021, the Company plans to drill its current high priority gold and copper exploration targets.
CLSA is the leading capital markets and investment group in Asia, connecting global investors to insights, liquidity and capital to drive their investment strategies. It has award-winning research and highly experienced finance professionals who provide asset management, corporate finance, capital markets, securities and wealth management services.
Sydney-based Saint Gabriel is an independent corporate finance and advisory firm specialising in resources and technology. It helps CEOs and businesses develop strategies and structures for their capital and growth requirements. Saint Gabriel advises on corporate transactions, including capital raisings, IPOs, strategic partnerships, divestments, and acquisitions.
Legacy Minerals Managing Director, Chris Byrne said,
“Combining the capabilities offered by both companies, CLSA and Saint Gabriel will provide us with the best possible backing to undertake our Initial Public Offering with both firms having significant experience in equity capital markets. Post a successful IPO, Legacy Minerals looks forward to a long-term partnership with CLSA and Saint Gabriel to further advance and develop our gold and copper projects.
With the sustained demand for gold and copper and the continued exploration and mining success within the Lachlan Fold Belt of NSW, we are confident that the Company will receive strong support from investors. Legacy Minerals’ advanced projects provide immediate exposure to potential gold and copper discoveries and our robust pipeline of projects afford further growth for the Company in the future.”
Approved by the board of Legacy Minerals Holdings Ltd.
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