Demetallica Limited IPO (DRM) to raise up to $15m.
Brokers: Argonaut and Euroz Hartley
Price 25c
EV : 14.7m
Market cap: 22.3 million with 12miilion raise / 25.3 m with 15 m raise
Demetallica is a consequence of the demerger of Minotaur’s. (ASX:MEP) base metals and gold projects following the recent takeover by Andromeda (ASX:ADN)
Prospectus lodgment date: 11 April
Copper/Gold/Silver projects with approved JORC resource report
