Thursday, 26 July, 2018 - 15:42
Norwest secures $5m and appoints CEO
Investors have committed $5 million towards the planned IPO of Norwest Gold, a gold and base metal spin-off from Australian Mines.
Norwest Minerals is a former subsidiary of Australian Mines that was spun out into a Perth-based ASX-listed company in November 2018.
Norwest owns a portfolio of prospective gold and base-metal properties in Western Australia.
Rank | Company | 1 Yr | 5 Yr |
---|---|---|---|
1316th | Challenger Gold | -36.41% | -10.15% |
1317th | Livium | -36.63% | -10.96% |
1318th | Norwest Minerals | -36.71% | -34.98% |
1319th | Strategic Energy Resources | -36.76% | -29.1% |
1320th | Legend Mining | -36.81% | -22.16% |
Rank | Company | # | |
---|---|---|---|
514th | ![]() |
Norwest Minerals | $0 |
527th | ![]() |
Rey Resources | $0 |
528th | ![]() |
Riedel Resources | $0 |
529th | - | Rincon Resources | $0 |
531st | ![]() |
Santa Fe Minerals | $0 |
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RANKING: 517 Up from 520 in Public Companies - Resources WA list | 02 Jul 2024 |
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RANKING: 520 Up from 521 in Public Companies - Resources WA list | 20 Jun 2024 |
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RANKING: 521 Up from 524 in Public Companies - Resources WA list | 28 May 2024 |
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NEWS: Tagged in Board Moves November 7, 2023 | 07 Nov 2023 |
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NEWS: Tagged in Norwest chair Michael Tilley dies | 07 Nov 2023 |
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RANKING: 521 Down from 520 in Public Companies - Resources WA list | 02 Oct 2023 |
Investors have committed $5 million towards the planned IPO of Norwest Gold, a gold and base metal spin-off from Australian Mines.
Shares in Norwest Minerals fell 10 per cent to close its first day of trading at 18 cents each, after the company raised $6.6 million via an initial public offering.
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.
A summary of the smaller deals from last week, which did not get included in our daily news coverage.
Kairos Minerals has raised $9 million to fund further exploration activities in the Pilbara on the same day Norwest Minerals pursued its first capital raise.
Our board moves wrap includes Paul Sadleir, Trent Bartlett, Dennis Wilkins, Julia Beckett, David Williams, Pablo Tarantini, and Benjamin Bell.
Our board moves wrap includes Dougal Ferguson, Kate Stoney, Carol New, Charles Schaus, Anastasios Arima, Patrick Glovac, and Mark Connelly.
Our board moves wrap includes Sergio Rotondo, Max Tuesley, Geoffrey McNamara, Zeffron Reeves, Paul Schmiede, Russell Clark, Malcolm Carson, Hok Kiang Sia, Paul Garner, Tun Yiu Kei, and Derek Hall.
Norwest Minerals’ shares jumped 60 per cent to trade at 7.2 cents on the Australian Stock Exchange after releasing its maiden drilling results from its Bali copper project.
Norwest Minerals director and inaugural chairman Michael Tilley died yesterday after an illness.
Our board moves wrap includes Hugh Bresser, Tommy McKeith, Andrew Haslam, Richard Bevan, Michael Tilley, Oliver Carton, and Charles Schaus.
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Norwest Minerals is included in 1 list - Public Companies - Resources WA.
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