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Lack of investor interest prompts ASX hopeful Trigg Mining to delay IPO

ASX hopeful Trigg Mining Ltd. postponed plans for an IPO after failing to raise a minimum of A$4 million from investors, The West Australian reported May 31.

The aspiring potash producer attributed the move to "recent weakness in equity markets", adding that it would revisit plans when conditions improve.

Managing Director Keren Paterson expressed disappointment, but added that the miner's confidence in the potential of its projects remains the same.

In the interim, the company will continue to advance its sulfate of potash exploration projects at Laverton Links and Lake Throssell in the Goldfields, Western Australia.