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CDR - Codrus Minerals (3 Viewers)

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Codrus Minerals Limited was incorporated on 21 July 2014 and is a wholly owned subsidiary of Blackstone Minerals Limited (BSX). Following a strategic review of its assets, BSX decided to demerge its Bull Run Project, Silver Swan South Project, Red Gate Project and Middle Creek Project via the Company.

The Silver Swan South Project, Red Gate Project and Middle Creek Projects are located in Western Australia, and all are located within well endowed mineral fields, and within a short distance of significant operating assets. The Bull Run Project in eastern Oregon is within a historic goldfield that has produced from small high grade mines for over a century with scant modern exploration.

The Company will commence operations by deploying industry leading exploration technology to the targets it has on the Silver Swan South and Red Gate Projects, whilst commencing fieldwork on the early stage Middle Creek project. At the Bull Run Project in Oregon, the Company will commence with an IP survey that will underpin targeting for future drilling.

It is anticipated that CDR will list on the ASX during June 2021.

 

Stockybailz

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i see this trade on the small caps IPO's... Codrus is seeking to raise up to $8 million at $0.20 share with 40 million new shares, and with a minimum subscription of $5 million...the spin-off vehicle for Blackstone’s three Australian and one US projects. Existing Blackstone shareholders have received a priority offer.
 

Dona Ferentes

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Listing date23 June 2021
Contact detailshttps://codrusminerals.com.au/
Ph: (08) 9425 5217
Principal ActivitiesMining exploration
GICS industry groupTBA
Issue Price$0.20
Issue TypeOrdinary Fully Paid Shares
Security codeCDR
Capital to be Raised$8,000,000
Expected offer close date3 June 2021
UnderwriterNot underwritten. PAC Partners Securities Pty Ltd and Westar Capital Limited (Joint Lead Managers)
 

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