Friday, 24 August, 2018 - 14:59
Kingwest lists after $5m IPO
Shares in gold-focused Kingwest Resources began trading on the ASX today, after the company raised $5 million via an initial public offering.
Kingwest Resources was a mining and explorations company focused primarily on gold exploration in the Eastern Gold Fields Region of Western Australia. It was acquired by Brightstar Resources in 2023.
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NEWS: Tagged in Brightstar to pour $22m into Menzies restart | 06 Sep 2023 |
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NEWS: Tagged in Brightstar, DevEx sign farm-in JV on Goongarrie nickel | 25 Jul 2023 |
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NEWS: Tagged in Brightstar quick off mark for Menzies gold hunt | 15 Jun 2023 |
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NEWS: Tagged in Board Moves May 26, 2023 | 26 May 2023 |
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NEWS: Tagged in Brightstar sets sights on extending Laverton gold deposit | 09 May 2023 |
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NEWS: Tagged in Horizon Minerals pockets $1.3m cash from divestments | 19 Jan 2023 |
Shares in gold-focused Kingwest Resources began trading on the ASX today, after the company raised $5 million via an initial public offering.
SPECIAL REPORT: A significant uptick in the number of resources stock floats in WA mirrors a national trend driven by improved investor sentiment and rising commodity prices.
Intermin Resources has reached an agreement to sell its Menzies and Goongarrie gold projects for a cash-and-scrip consideration of $8 million.
Aurora Minerals has closed its fully underwritten 1-for-1 entitlement offer, raising $1.17 million at 1 cent a share. The offer was heavily undersubscribed, with only $258,630 in subscriptions, while the shortfall of 91,270,212 shares was issued to the underwriter.
Kingwest Resources has raised $4 million via a share placement, while St George Mining has also completed a share placement, raising $3.3 million.
A summary of last week's smaller deals that did not get included in our daily news coverage.
Our daily board moves wrap includes Hansjoerg Plaggemars, Peter Wallace, Jon Sutton, Don Koch, Stewart Howe, Jonathan Downes, Stephen Woodham, Scott Mison, Vincent Goss, and Rohan Dalziell.
Kingwest Resources has agreed to sell two small assets outside its Menzies gold project in Western Australia for $2.1 million.
Our board moves wrap includes Leigh Ryan, James Sullivan, Ian Parker, Richard Simpson, Daniel Madden, Keith Smith, Steve Brockhurst, David McEntaggart, Sandra Dodds, Andrew Edwards, and Geoff Baker.
Our board moves wrap includes Robert Hersov, Tom Fontaine, Adam Sierakowski, and Alex McCulloch.
Our board moves wrap includes Alex McCulloch, Stuart Gale, Terry Holohan, and David Kelly.
Our board moves wrap includes James Brown, Gregory Bittar, Adrian Byass, Steve Brockhurst, Nadine Barry, Blair Snowball, Harry Miller, Ashley Lim, Shirley In't Veld, Graeme Smith, Arshad Muhammad, Marcus Goh, Tome Jongue, YiCheng Chen, Eric Kong, Piers Lewis, Victor Goh, Daniel Tydde, and Robert Ierace.
Kingwest Resources plans to spend funds committed by sophisticated and institutional investors to accelerate ongoing exploration activities across its Western Australian projects.
Our board moves wrap includes Nicholas Katris, Michael Naylor, Kenneth Williams, Mark Connelly, Richard Crookes, Matt Freedman, Andrew Denniss, Dickie Dique, Ashok Parekh, Jon Price, Sam Pazuki, Ian Murray, Mick Wilkes, Robert Stockdale, Mathew Longworth, and Dale Schultz.
Our board moves wrap includes Michael Bowen, Jay Hughes, Gregory Bittar, Ed Turner, Tony Bevan, and Paula Raffo.
Our weekly appointments wrap includes Chris Sutherland, Tim Richards, Rob Bear, Nicki Ivory, Esme Bowen, Ken Wyatt, Dean Vallve, Jarrod O’Neil, Steve Targett and Peter Hall.
Our board moves wrap includes Michael Liew, Nick Catalano, Gregory Bittar, Jonathan Downes, Ashok Parekh, Luke McFadyen, and David Richards.
Gold explorer Brightstar Resources is budgeting $22 million to deliver its proposed “low-capital pathway” to restart its Menzies and Laverton projects in the Goldfields.
Brightstar will mint its first gold bar of the year this week after processing ore from the Second Fortune and Lord Byron mines.
Name | Position | Year Started |
---|---|---|
Executive Chair
Non-Executive Chair (2021 to 2022) |
2022 | |
Company Secretary
Non-Executive Director (2018 to 2021) |
2020 | |
Chief Operating Officer
|
2022 | |
Non-Executive Director
|
2019 |
Name | Position | Year Started | Year Ended |
---|---|---|---|
Non-Executive Director
|
2022 | 2023 | |
Chief Executive
|
2019 | 2022 | |
Non-Executive Director, was Chair 2019-2021
|
2019 | 2022 | |
Non-Executive Director
|
2019 | 2022 | |
Non-Executive Chair
|
2021 | 2022 | |
Non-Executive Director
|
2018 | 2021 | |
Non-Executive Director
|
2021 | 2021 | |
Acting Exploration Manager
|
2019 | 2021 | |
Company Secretary
|
2018 | 2020 | |
Non-Executive Director
|
2019 | 2019 | |
Non-Executive Chair
|
2018 | 2019 | |
Executive Director, Chief Executive
|
2018 | 2019 | |
Consultant Technical Services Manager
|
2018 | 2019 | |
Non-Executive Chairman, Non-Executive Director
|
Date | Company | Transaction Type | Total Value | |
---|---|---|---|---|
Kingwest Resources | Block trade | $1.30m | >> | |
Kingwest Resources | Share purchase plan | $2.52m | >> | |
Kingwest Resources | Placement | $4.00m | >> | |
Kingwest Resources | Placement + entitlement offer | $4.29m | >> | |
Kingwest Resources | Placement | $3.50m | >> |
Announced | Bidder | Target | Transaction Type | Total Value | |
---|---|---|---|---|---|
Brightstar Resources | Kingwest Resources | Acquisition | $10.24m | >> | |
Kingwest Resources | Asset acquisition | $2.09m | >> | ||
Kingwest Resources | Horizon Minerals | Asset acquisition | $8.00m | >> |