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Australian Mines spin-out lists

29th November 2018

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com) – ASX-listed Australian Mines on Thursday reported that the spin-out and listing of Norwest Minerals has now been completed.

Australian Mines earlier this year transferred its Western Australian gold and base metals exploration assets into subsidiary Norwest Gold, and launched an initial public offering (IPO) to raise A$6.6-million.

The IPO closed on November 12, with 33-million shares issued.

Norwest will now start trading on the ASX under the code NWM.

Edited by Creamer Media Reporter

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