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Koppar Resources to begin trading on ASX

Norway-focused junior Koppar Resources Ltd. said May 28 that it will begin trading on the ASX under the ticker KRX, effective May 30, after raising A$4.5 million in its IPO.

The offering, announced in late March, comprised 22.5 million shares at 20 cents apiece.

Koppar has a conditional right to acquire the Lokken, Tverrfjellet, Grimsdal, Illingdal and Storwartz projects in Norway, according to its website. Proceeds from the offering will be used to fund exploration costs and the assessment of the projects, as well as for working capital and administration costs.