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LONDON - Ariana Resources plc (AIM:AAU) has closed the institutional bookbuild for its planned dual listing on the Australian Securities Exchange (ASX), the gold-focused mineral exploration and development company announced Monday.
The ASX offer will comprise between 35,714,286 and 53,571,429 Chess Depositary Interests (CDIs) at A$0.28 per CDI, aiming to raise between A$10 million and A$15 million before costs. Each CDI represents 10 underlying shares in the company.
The offering includes a Broker Firm Offer for Australian retail investors, an Institutional Offer for investors in Australia, New Zealand, Hong Kong, Switzerland, Singapore and the United Kingdom (TADAWUL:4280), and a General Offer for eligible Australian residents.
Shaw and Partners Limited is acting as Lead Manager for the ASX Offer, with Leeuwin Wealth Pty. Ltd. serving as Co-Manager.
Ariana intends to lodge a prospectus with the Australian Securities and Investments Commission on July 29, with an anticipated ASX listing date around September 15 under the ticker code AA2.
The dual listing is conditional on reaching the minimum subscription amount and receiving ASX approval for admission to the Official List. The offer follows shareholder approval at the Annual General Meeting held on July 9.
Ariana Resources currently has interests in gold projects across multiple jurisdictions, including a major gold development project in Zimbabwe, gold production in Türkiye, and copper-gold exploration and development projects in Cyprus and Kosovo.
The information is based on a company press release statement issued Monday.
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