This article appeared in the February 2014 ASX Investor Update email newsletter. To subscribe to this newsletter please register with the MyASX section or visit the About MyASX page for past editions and more details.
Here is a snapshot of entities that had applied for admission to the official list of ASX, as at February 6, 2014. Upcoming floats has more information, and Recent floats and listings provides information on entities that have listed on ASX in the previous two months.
Note: information about upcoming floats can change quickly if companies close their IPO ahead of schedule, or decide to extend their offer. Check the ASX website or talk to your financial adviser for latest information. IPO listing and closing dates are indicative only.
The Company holds two tenements considered prospective for gold exploration in
Western Australia. China Mining plans to carry out further exploration work on these tenements, with the aim of identifying a JORC-compliant mineral resource to show their potential values. Capital to be raised: $5 million.
HuaYi Resources has a magnesite project in the mountainous region in Haicheng City, in the People's Republic of China (PRC). HuaYi intends to undertake a drilling program with the aim of providing a JORC-compliant resource for the project, and verify and validate the classified mineralisation estimates undertaken in the PRC in 2009 and 2012. Capital to be raised: $2.5 million.
The Company's objectives are to engage in the acquisition, exploration, development and operation of coal mines and to ultimately supply coal into the export coal market. U & D has two well-advanced Bowen Basin mine development projects (in Queensland) that are the focus of the Company's strategy for transitioning to a coal producer in the near term and to start generating cash flows. Capital to be raised: maximum of $125 million.
The entities listed above have made application for admission to the official list of ASX. Part of this application process includes the allocation of a provisional ASX code and the provision of details about the entity on the linked page below. In some instances ASX provides a link to a third-party site from which the offer document and application form may also be available for download.
The allocation of a code and the provision of a link to a third-party site does not in any way imply that the entity's application for admission to the official list will be approved and should not be considered in any way as an indication of the merits of the entity. Use of a link to a third-party site indicates your acceptance of the conditions.
It is advisable to obtain investment advice before making any investment decisions relying on information provided on a third-party site, and the entity's offer document should be read in its entirety before any decision is made to invest in the entity's securities.
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