AusAg pre-ipo seed round ($5m EV). A cornerstone investor has taken a decent chunk, being done at 10c.
Eric Sprott personally will be a large shareholder in this new co and will be participating further at the IPO. A very well-known and successful ASX CEO will be announced in the coming weeks.
Believe Sprott has upped his bid for more.
The company’s Corcoran silver-gold deposit has a historical silver resource of 30.5Moz Ag + 37,100oz Au (33.3Moz Ag equivalent) with excellent potential for expansion. The company is being spun-out of RCG-TSX.
