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LYN - Lycaon Resources

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Lycaon Resources Limited is an Australian unlisted public company, with projects in three of Western Australia's premier geological provinces.

Lycaon holds the rights to acquire three projects, the Gnewing Bore Project (prospective for gold-silver and copper), the Rocky Dam Project (prospective for gold and base metals) and the Julimar Project (prospective for nickel, copper and PGEs).

The Company's main objectives upon listing on the ASX will be to:

(a) systematically explore and seek to develop each of the Projects;
(b) assess new strategic acquisitions and investment opportunities that may present;
(c) implement a growth strategy and actively canvas other mineral exploration and resource opportunities which have the potential to generate growth and value for shareholders; and
(d) provide working capital.

It is anticipated that LYN will list on the ASX during November 2021.

 

Dona Ferentes

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Listing date17th November 2021 12:30 PM AEDT ##
Company contact detailswww.lycaonresources.com/
Ph: +61 8 6188 8181
Principal ActivitiesMineral exploration and mining
GICS industry groupTBA
Issue PriceAUD 0.20
Issue TypeOrdinary Fully Paid Shares
Security codeLYN
Capital to be Raised$5,000,000
Expected offer close date28 October 2021
UnderwriterNot underwritten. Canaccord Genuity (Australia) Limited and Inyati Capital Pty Ltd (Joint Lead Managers)
 
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