21
Jan
17:34
Jupiter schedules Central Yilgarn spin-off IPO
Jupiter Mines has issued the initial public offering prospects for the listing of Juno Minerals, which will control its Central Yilgarn Iron Ore Project in Western Australia. Juno shares are expected to begin trading on the Australian Securities Exchange on 11 March, Kallanish notes.
The new company will have 200 million shares in total, with 40% issued in the IPO and the remainder issued to Jupiter Mines in exchange for AUD 5 million ($3.88 billion) in seed capit…
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