Robex Resources’ Kiniero project in Guinea. Credit: Robex Resources.
Canadian miner Robex Resources (TSX: RBX) filed a prospectus with Australian securities regulators for an estimated A$120 million ($77 million) initial public offering that will help pay for a new gold project in Guinea. The shares rose.
The IPO is fully underwritten by joint lead managers Euroz Hartleys and Canaccord Genuity, Quebec City-based Robex said Thursday in a statement. Robex is planning to issue about 38.6 million Clearing House Electronic Subregister System depositary interests, or CDIs, at A$3.11 each under the IPO. Each CDI will represent one underlying common share of the company.
“While we are already listed on the TSX-V, we hope our listing on the ASX will increase our trading activity and volume, thereby allowing all our shareholders to benefit,” Robex CEO Matthew Wilcox said. He called the listing “an…
