- WA explorer Iceni Gold (ICL) has today listed on the ASX following a $20 million initial public offering (IPO)
- Over several years, the company has consolidated more than 160 tenements into its 14 Mile Gold Project, located in the Laverton / Leonora Gold Province
- Proceeds from the IPO will fund drilling and other exploration at the project, with an initial focus on six priority targets
- After commencing trade at 1:00 pm AEST, shares have jumped 62.5 per cent to 32.5 cents
WA explorer Iceni Gold (ICL) has today listed on the ASX following a $20 million initial public offering (IPO).
Over several years, the company has consolidated more than 160 tenements from various prospectors and explorers into a continuous land package, forming the large 14 Mile Gold Project.
Located on the western side of Lake Carey in the Laverton / Leonora Gold Province, the 14 Mile Project is less than 20 kilometres from other gold mines including the Granny Smith, Mt Morgans and Sunrise Dam.
The IPO
Under the IPO, Iceni issued 100 million new shares at 20 cents each, netting $20 million for drilling and other exploration at 14 Mile.
Speaking on the listing and IPO, Executive Chairman Brian Rodan thanked shareholders for their support.
“Today’s listing is a very exciting milestone for Iceni Gold and our shareholders and this is the culmination of many years of hard work from a loyal group of dedicated people that have helped make it all possible.”
“I would personally like to thank everybody involved in the outstanding success of the Iceni Gold IPO and a big thank you also goes out to the Morgans Financial group Australia-wide for their considerable and continuing support,” he added.
The exploration will have an initial focus on six priority targets, potentially hosting four styles of gold mineralisation.
“Iceni Gold has assembled a world-class exploration team led by Technical Director David Nixon and with the application of new and advanced exploration techniques we look forward to many successful and exciting times ahead,” said Brian.
After commencing trade at 1:00 pm AEST, shares have jumped 62.5 per cent to 32.5 cents at 1:10 pm AEST.