Ten companies are currently due to list on the Australian Securities Exchange in July, with junior resource companies making up the bulk of new entrants to the market.
In addition to the miners, water conservation group Aqua Guardian, and Macquarie Group’s $600 million CPS Trust are also scheduled to hit the boards.
By far the biggest float this month though is set to be the Leighton Holdings-led construction consortium BrisConnections, which is looking to raise up to $1.2 billion.
In May the consortium was awarded Australia’s largest road infrastructure project - a $4.8 billion deal that includes two road tunnels and the Airport Link toll road in Brisbane. Construction is due for completion by mid-2012, with the group having a 45-year concession for the 6.7 kilometre Airport Link.
BrisConnections is offering around 408 million stapled units at an issue price of $3 each, payable in three equal instalments. The company is set to make its market debut on 31st July.
Meanwhile in other new listings, Outback Metals is one of a raft of junior explorers planning to join the ASX in July.
Outback is exploring for a range of metals including tin, uranium, copper, gold and base metals, across 1,000 square kilometres of exploration tenements in the Northern Territory. Outback also has almost two-and-a-half-thousand square kilometres under application.
Outback Metals is offering 30 million shares at 20 cents each, with one free attaching option for every two shares purchased; exercisable at 30 cents. The company hopes to raise up to $6 million, with a proposed listing date of July 21.
Two other resource companies listing on the ASX in July are Madagascan explorer Malagasy Minerals, and US-focussed Kilgore Oil and Gas. Both IPO’s - for $10 million and $7.5 million respectively - closed early, oversubscribed.
Finally, Melbourne-based gold explorer Ballarat South Gold is also poised to make its entry to the ASX after a $5 million IPO.
Following its successful listing, Ballarat South Gold is to acquire tenements currently held by Kingslake Resources, which overlie the southern region of the highly mineralised Ballarat East Reef System in southern Victoria. The funds raised in BSG’s IPO will be used for exploration and development.
The company is issuing 25 million shares at 20 cents each. Shareholders have also been offered one free option for every two shares acquired, with an exercise price of 20 cents.
By far the biggest float this month though is set to be the Leighton Holdings-led construction consortium BrisConnections, which is looking to raise up to $1.2 billion.
In May the consortium was awarded Australia’s largest road infrastructure project - a $4.8 billion deal that includes two road tunnels and the Airport Link toll road in Brisbane. Construction is due for completion by mid-2012, with the group having a 45-year concession for the 6.7 kilometre Airport Link.
BrisConnections is offering around 408 million stapled units at an issue price of $3 each, payable in three equal instalments. The company is set to make its market debut on 31st July.
Meanwhile in other new listings, Outback Metals is one of a raft of junior explorers planning to join the ASX in July.
Outback is exploring for a range of metals including tin, uranium, copper, gold and base metals, across 1,000 square kilometres of exploration tenements in the Northern Territory. Outback also has almost two-and-a-half-thousand square kilometres under application.
Outback Metals is offering 30 million shares at 20 cents each, with one free attaching option for every two shares purchased; exercisable at 30 cents. The company hopes to raise up to $6 million, with a proposed listing date of July 21.
Two other resource companies listing on the ASX in July are Madagascan explorer Malagasy Minerals, and US-focussed Kilgore Oil and Gas. Both IPO’s - for $10 million and $7.5 million respectively - closed early, oversubscribed.
Finally, Melbourne-based gold explorer Ballarat South Gold is also poised to make its entry to the ASX after a $5 million IPO.
Following its successful listing, Ballarat South Gold is to acquire tenements currently held by Kingslake Resources, which overlie the southern region of the highly mineralised Ballarat East Reef System in southern Victoria. The funds raised in BSG’s IPO will be used for exploration and development.
The company is issuing 25 million shares at 20 cents each. Shareholders have also been offered one free option for every two shares acquired, with an exercise price of 20 cents.
