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- Allup Silica (APS) is set to list on the ASX on March 15 following a $5 million initial public offering (IPO)
- Under the IPO, a total of 25 million shares will be on offer, priced at 20 cents, giving the company an enterprise value of $11.08 million and a market cap of $16.90 million
- Incorporated in April 2013, Allup is a minerals explorer with a view to develop and ultimately produce silica mineral resources located within Western Australia
- Once listed, Allup will focus on mineral exploration, systematic exploration and scoping studies on its four projects
- The Board comprises Andrew Haythorpe as Executive Chairman, Nicholas Revell and Gavin Ball as Executive Directors, and Campbell Smyth as Non-Executive Director
Allup Silica (APS) is set to list on the ASX on March 15 following a $5 million initial public offering (IPO).
Under the IPO, a total of 25 million shares will be on offer, priced at 20 cents, giving the company an enterprise value of $11.08 million and a market cap of $16.90 million.
Following completion of the offer, more than 84.511 million shares and five million options will be on issue.
The offer opened on January 27 and is expected to close on February 10 with shares to be issued on March 3.
Incorporated in April 2013, Allup is a minerals explorer with a view to develop and ultimately produce silica mineral resources located within Western Australia.
It holds four projects, which comprise 12 licences either held or under application by Allup.
Once listed, Allup will focus on mineral exploration of resources opportunities that have the potential to deliver value and growth, systematic exploration and scoping studies across its projects.
Allup’s Board comprises Andrew Haythorpe as Executive Chairman, Nicholas Revell and Gavin Ball as Executive Directors and Campbell Smyth as Non-Executive Director.
Further, Mark Lester is the Chief Financial Officer and Benjamin Donovan is Company Secretary.
