As gold runs at all time highs and Victoria ushers in a new gold rush, North Stawell Minerals (ASX: NSM) has launched its initial public offering. Talk about perfect timing!

The IPO will raise AUD $20 million through 40 million shares at $0.50 a piece.

North Stawell plans to use the raised capital to explore 43 targets on a 51km stretch of the Stawell Mineralised Corridor, a zone with 5 million ounces of historical production. 

According to North Stawell Chairman, Jerry Ellis, geological data indicates there could be a large and undiscovered gold mineralised system along the corridor.

The once prolific Magdala Mine sits on the same corridor. In its 50 years of operation, it yielded over 300 000 ounces of gold.

North Stawell’s 500 square kilometre tenure sits in one corner of Victoria’s golden triangle which boasts 66 million ounces of historical gold production.

The IPO closes on 28 August. 

Reach Markets has a small allocation that we expect to close out very soon. Click here to request a Prospectus and for the opportunity to participate in this IPO. 

Reach Markets are the advisors assisting with the management of this offer and may receive fees depending on whether an offer is taken up by investors.

The IPO of securities in North Stawell Minerals will be made in, or accompanied by, a copy of the prospectus available at Automic.  You should consider the prospectus in deciding whether to acquire the securities and anyone acquiring the securities will need to complete the application form that will be in or will accompany the prospectus. Reach Markets are the advisers and may receive fees if an application is made by investors.