PERTH (miningweekly.com) – Base metals spin-off Todd River Resources is scheduled to debut on the ASX on April 6, with its shares trading under the ticker TRT.
The company’s listing follows a demerger from fellow-listed TNG’s base metal assets in the Northern Territory, as well as an initial public offering (IPO) that raised A$6-million.
Todd River offered up to 30-million shares, each at an offer price of 20c during its IPO, along with one free attaching option for every two shares subscribed for and issued.
The company’s portfolio includes the Manbarrum zinc project, the Mount Hardy copper-zinc project, the Stokes Yard zinc project and the McArthur copper-zinc project, as well as a number of other exploration assets.