From Street Talk in yesterday's AFR: Terms out for Riversdale...

From Street Talk in yesterday's AFR:

Terms out for Riversdale Resources IPO

Canadian coal play Riversdale Resources will seek to raise up to $132.7 million for its listing on the Australian Securities Exchange.
The deal, if successful, would value the coal company at up to $532.4 million on a market capitalisation basis.
Sponsor brokers Goldman Sachs and Deutsche Bank sent terms to potential investors on Wednesday morning.
According to the termsheet, Riversdale Resources will seek to raise $90 million in primary equity and another $34.2 million to $42.7 million for a secondary selldown.
Shares were priced at $1.60 to $2 each, with a bookbuild to determine the final price scheduled for March 28.
One of the company's existing shareholders, private equity firm Resource Capital Fund, will take up $15 million of new shares under the offer.
Riversdale Resources management is scheduled to meet fund managers in meetings starting Wednesday.
If successful, the company would begin trading on the ASX on April 23 with a market capitalisation worth between $450.7 million and $532.4 million, depending on the final price.
The terms come after a fortnight of marketing by Goldman Sachs and Deutsche Bank analysts.

Riversdale, while incorporated in Australia, has operations in Canada. Its main asset is the Crowsnest Pass Complex, which includes The Grassy Mountain coking coal development project, a freehold package of land, and other tenements including Adanac, Lynx and Bellevue in Alberta, Canada.