Monday
April 12, 2021
Good evening,
Regis Resources has come up with the gold! After a six or so month auction run by Macquarie Capital, ASX-listed Regis has come out on top in the race to buy IGO’s stake in Western Australia’s Tropicana gold mine.
We revealed Regis had beat out the likes of Gold Road Resources and Evolution Mining for the $900 million stake on Monday afternoon, and a $650 million equity raising is slated to launch on Tuesday morning. We’ve got the details.
Elsewhere, it’s been all quiet on the Bingo Industries/CPE Capital/MIRA takeover front for months – but we’ve spotted some signs of life.
And finally, we take a look at the green transport outfit that’s been pitching a whopper pre-IPO funding round to potential investors over the past few weeks.
Happy reading,Sarah Thompson, Anthony Macdonald and Tim BoydStreet Talk Editors
ASX-listed gold miner Regis Resources is set to acquire IGO’s stake in the Tropicana gold mine in Western Australia.
It is understood the suitors have finished due diligence, lined up funding and are closing in on their target.
The green transport offshoot says it will be back with a planned IPO and ASX-listing in the coming year or so.
Sources say the company is expected to go to market with a pre-money valuation north of $100 million.
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