Hamilton Locke is pleased to have advised CGN Resources Limited (ASX: CGR) on its initial public offering and listing on the ASX. The maximum subscription of $10 million raised under the IPO will be used to advance exploration at its flagship Webb Project in Western Australia.
CGN Resources is an exploration-focused mining company targeting IOCG (iron oxide-copper-gold), nickel and rare earths at its substantial 948 square kilometre package of tenements in the West Arunta Region of Western Australia, near the Northern Territory border. CGN Resources started work in West Arunta in 2007 and the region has since become a hotbed of activity attracting numerous other exploration companies.
The Hamilton Locke team advising CGN Resources Limited on its IPO was led by Partner, Shaun Hardcastle, and supported by Lawyers, Simon Barcham and Adam Cajaglis.
Read the ASX announcement here.