By ASX
Eleven companies* successfully completed an initial public offering (IPO) and listed on the Australian Securities Exchange in the first quarter of calendar-year 2012. They included:
• A $3-million offer from Cassini Resources, which has Western Australian exploration projects.
• A $6-million offer from Red Gum Resources, to develop precious and base metal projects in Chile and Peru.
• A $9-million offer from Sunbird Energy, a South Africa-focused coal bed methane gas explorer.
• A $7.5-million offer from Blue Sky Alternative Investments, a diversified fund manager of alternative investments.
• A $3-million offer from Cohiba Minerals, which has interests in projects in mid-west Western Australia.
• A $7.5-million offer from Taruga Gold, which has exploration projects in Niger, Ghana and Cote d’Ivoire, in Africa.
• A $4-million offer from Highfield Resources, a potash exploration company with tenements in northern Western Australia.
• A $4-million offer from Pura Vida Energy, a Morocco-focused oil explorer.
• A $4.5-million offer from Goodrich Resources, which is developing projects in the Lachlan Fold Belt in New South Wales, and others in the Northern Territory.
• A $7-million offer from Indus Coal, an Indonesia-focused coal explorer.
• A $3.2-million offer from Spencer Resources, a diversified minerals explorer with Queensland and South Australian tenements.
The second quarter looks stronger than the first for IPOs. Thirty-one companies had applied for admission to the official list of ASX in April 2012. Larger IPOs included:
• A $75-million offer from shale-gas explorer, Armour Energy.
• A $34-million offer from Cuesta Coal, which has coal exploration projects in Queensland.
• A $40-million offer for US-based medical-device company, Ventus Medical Inc.
• A $20-million offer for US-based medical-device company, Osprey Medical Inc.
• A $15.7-million offer for Goldfields Credit Union, a Kalgoorlie-based financial services organisation that is demutualising.
• A $12-million offer for Romania-focused oil and gas explorer, Zeta Petroleum plc.
• A $7-million offer for Allegiance Coal, a Queensland coal explorer.
Upcoming Floats has more information on latest ASX IPOs; New Listings provides information on recent floats. ASX Companies provides information for companies looking to list on ASX.
* Only includes listings that raised equity capital.
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