trending Market Intelligence /marketintelligence/en/news-insights/trending/E4YtNr7ToIZGKlFEzvD_nw2 content esgSubNav
In This List

IMX: Graphex IPO set to proceed as scheduled after replacement prospectus approved

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Blog

Insight Weekly: US bank M&A; low refinancing eases rates impact; Texas crypto mining booms

Blog

Insight Weekly: US stocks hit grim milestone; top European banks tumble; TMT IPOs plunge

Video

Gold and Copper Summit 2022: Overview of Global Gold Markets in 2022 and Beyond


IMX: Graphex IPO set to proceed as scheduled after replacement prospectus approved

IMX ResourcesLtd. said May 10 that the replacement prospectus for the IPO ofGraphex Mining Ltd. has been reviewed and approved by the Australian Securitiesand Investments Commission and the IPO is cleared to proceed.

The company addressed all concerns raised by the ASIC overthe prospectus lodgedApril 4, and the IPO will proceed on schedule.

The general offer for Graphex shares is expected to close May11 due to the demand being in excess of the maximum A$7 million raising.

In the replacement prospectus, the company disclosedadditional information on the capacity of the Chilalo graphite project in Tanzania to securefinancing for project development, the robustness of the graphite resource,including the declaration of a maiden ore reserve, and additional generalinformation on the graphite market.