American West Metals Limited (ASX: AW1) has confirmed that the Australian Securities Exchange (ASX) has scheduled the listing of the company on Monday December 13, 2021.
Under the terms of its IPO Prospectus, American West issued 60 million new shares at 20 cents each to raise A$12,000,000. These new IPO investors combined will hold approximately 36% of the company’s issued capital at the time of listing.
Managing Director, Dave O’Neill, said the company has a total of 154.6 million shares on issue which at the A$0.20 cents IPO price represents a pre-listing market capitalisation of approximately A$31 million.
“Listing on the ASX will mark a significant milestone for American West Metals. I would like to thank all our investors who recognise the significant opportunity to establish a progressive mining company, focused on growth and the supply of critical metals for the global energy transformation,” Mr O’Neill said.
“We are now well funded to execute our exploration and project development plans – and to unlock the full potential of our North American asset portfolio.”
American West Metals Limited is a new Australian company focused on growth through the discovery and development of major base metal mineral deposits in Tier 1 jurisdictions of North America.
Its portfolio of copper and zinc projects include significant existing resource inventories and high-grade mineralisation that can generate robust mining proposals.
Led by a highly experienced leadership team, the company’s strategic initiatives lay the foundation for a sustainable business which can deliver high-multiplier returns on shareholder investment and economic benefits to all stakeholders.
For further information please visit: https://www.americanwestmetals.com
