Sunseeker Minerals (ASX: SKM) has been admitted to the ASX after a successful IPO offering 15 million shares at $0.20 to raise $3 million, and is one of the few IPO's to list in recent months as many were pulled due to poor market conditions - especially for the small cap. stocks.
Sunseeker will hit the ASX boards at 12 noon EST on Tuesday 5 July, with 16.5 million shares on issue.
The company wholly owns the Lucky Downs Project located 220 kilometres west of Townsville in Queensland, with the project prospective for gold and base metals.
The project comprises exploration permits for mining EPM 14346, EPM 18638 (in application) and mineral development licence MDL107, covering 203 square kilometres.
Sunseeker has the initial focus of rapidly targeted exploration programs with the aim of defining a JORC Resource.