Iron Road to list on ASX next week

June 2, 2008

June 1st (The Age) – Junior explorer Iron Road Ltd expects to debut on the Australian Securities Exchange next week after closing its $5 million initial public share offer.

The junior explorer sold 25 million shares at 20 cents each to raise $5 million through the offer ahead of its expected listing on June 10.

Iron Road holds iron ore assets across South Australia and Western Australia.

Shareholders of Adelaide Resources Ltd were sold 7.5 million through a priority offer under an agreement to vend the Warramboo iron ore project in SA to Iron Road.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: