Guardian Metal Resources Prices Upsized $60 Million IPO
MT Newswires Live
Mar 20
Guardian Metal Resources said late Thursday it priced its upsized $60 million initial public offering in the US.
The exploration stage company is issuing 4.4 million American depositary shares, representing 22.2 million ordinary shares, at a price of $13.50 per ADS.
Guardian Metal has granted underwriters a 45-day option to purchase up to an additional 666,660 ADS. The offering is expected to close on March 24.
The ADS are expected to begin trading on the New York stock exchange American on Friday under the "GMTL" symbol.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.