EOG Resources completes $5.6 billion acquisition of Encino Acquisition Partners
LONDON - Ariana Resources plc (AIM:AAU) has lodged a prospectus with the Australian Securities and Investments Commission for a dual listing on the Australian Securities Exchange (ASX), according to a press release statement issued Tuesday.
The AIM-listed mineral exploration and development company is offering up to 53,571,429 Chess Depositary Interests (CDIs) at A$0.28 per CDI to raise between A$10 million and A$15 million before costs. Each CDI represents 10 underlying shares in the company.
The ASX offer will open on August 6, 2025, and is conditional on reaching the minimum subscription and receiving ASX approval for admission to the official list. Shaw and Partners Limited is acting as lead manager, with Leeuwin Wealth Pty Ltd as co-manager.
The offer comprises 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.
"This milestone marks a significant step forward for the Company, opening the door to a wider and more global shareholder base," said Dr. Kerim Sener, Managing Director of Ariana Resources, in the press release.
Ariana Resources owns 100% of the Dokwe Gold Project in Zimbabwe, which contains over 1.42 million ounces of gold in JORC resources as of March 2025. The company also holds interests in gold production in Türkiye and copper-gold exploration and development projects in Cyprus and Kosovo.
The CDIs will represent between 15.58% and 21.65% of the total number of shares. The offer is expected to close on August 14, 2025, with trading of CDIs on the ASX anticipated to commence on September 15, 2025.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.