Our Corporate Finance Associate, Casey Portors, talks with Coolabah Metals Managing Director, Cameron Provost, about the Company and its IPO. The conversation delves into Coolabah's three main assets, key highlights for investors and the Company's plans post IPO.
Barclay Pearce Capital has been appointed as joint lead manager, partnering with CPS Capital for Coolabah Metals Limited's (ASX:CBH) Initial Public Offering. The Company is seeking to raise $6,000,000 at an issue price of $0.20 per share.
About Coolabah Metals Limited
Coolabah Metals is a minerals exploration company that was incorporated on 28 July 2021 for the purpose of identifying, acquiring and developing prospective copper, gold and base metal assets throughout Australia.
Since incorporation, the Company has acquired or entered into agreements to acquire (subject to satisfaction of the conditions precedent) a 100% legal and beneficial interest in a number of tenements comprising three separate projects in New South Wales and Queensland being the Nymagee Project, the Coolabah Project and the Gunpowder Creek Project (together, the Projects).
The Company is currently the registered holder of three granted exploration licences that form part of the Coolabah Project and has entered into a binding tenement sale agreement with Bacchus Resources Pty Ltd (Bacchus or the Vendor) dated 23 August 2021 (Acquisition Agreement), pursuant to which the Company will acquire (subject to satisfaction of the conditions precedent) a 100% legal and beneficial interest in the Sale Tenements, being the remaining tenements making up the Projects.