Shaw and Partners Appointed as Lead Manager for Macarthur’s ASX Dual Listing
October 03 2019 - 8:00AM
Macarthur Minerals Limited (TSX-V: MMS) (OTCQB:
MMSDF) (the “Company” or “Macarthur”) is pleased to
announce the engagement of Shaw and Partners Limited (Shaw) as Lead
Manager in relation to its proposed dual listing Initial Public
Offering (IPO) on the Australian Securities Exchange (ASX).
Cameron McCall, Executive Chairman of Macarthur
Minerals commented:
“Shaw is one of Australia’s preeminent
investment and wealth management firms. The appointment of
Shaw as Lead Manager and Corporate Advisor to the Company for its
proposed dual listing on ASX will be invaluable at this watershed
moment in the Company’s pursuit to become a near-term producer of
high-grade Magnetite iron ore concentrate.”
Jeremy D’Sylva, Associate Director, Corporate
Finance of Shaw commented:
“We are excited to partner with Macarthur as we
believe the Company presents a unique investment opportunity for
ASX investors. The recent unlocking of infrastructure in the
Yilgarn region has ensured the Company’s Lake Giles Iron Project’s
large deposit has the potential to play a meaningful long-term role
in the seaborne iron ore market. We view Macarthur as
analogous to Champion Iron (ASX: CIA) in its pre-development
stages, which has since performed spectacularly.”
The final structure, timing and terms and
conditions of the dual listing IPO will be determined after further
consultation between Shaw and the Company and will be dependent on
market conditions, which may change over time.
The terms of appointment of Shaw will be
contained in the Prospectus and are considered standard for
appointments of a transaction of this type and nature. The offer to
be made under Prospectus is not underwritten.
ABOUT MACARTHUR MINERALS LIMITED (TSX-V:
MMS, OTCQB: MMSDF)
Macarthur is an iron ore development, gold and
lithium exploration company that is focused on bringing to
production its Western Australia iron ore projects. The Lake Giles
Iron Ore Project comprises the 80 million tonne Ularring hematite
resource (approved for development) and the 710 million tonne
Moonshine magnetite resource. Macarthur has prominent (~1,281
square kilometer tenement area) gold, lithium and nickel
exploration interests in Pilbara region of Western Australia. In
addition, Macarthur has lithium brine Claims in the emerging
Railroad Valley region in Nevada, USA.
On behalf of the Board of
Directors,MACARTHUR MINERALS LIMITED
“Cameron McCall”Cameron McCall, Executive
Chairman
Company ContactJoe Phillips,
CEO and DirectorEmail:
jphillips@macarthurminerals.com
Telephone: +61 448899247
Website: www.macarthurminerals.com
Caution Regarding Forward Looking
StatementsCertain of the statements made and information
contained in this press release may constitute forward-looking
information and forward-looking statements (collectively,
“forward-looking statements”) within the meaning of applicable
securities laws. The forward-looking statements in this press
release reflect the current expectations, assumptions or beliefs of
the Company based upon information currently available to the
Company. With respect to forward-looking statements contained in
this press release, assumptions have been made regarding, among
other things, the timely receipt of required approvals, the
reliability of information, including historical mineral resource
or mineral reserve estimates, prepared and/or published by third
parties that are referenced in this press release or was otherwise
relied upon by the Company in preparing this press release.
Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance and no
assurance can be given that these expectations will prove to be
correct as actual results or developments may differ materially
from those projected in the forward-looking statements. Factors
that could cause actual results to differ materially from those in
forward-looking statements include fluctuations in exchange rates
and certain commodity prices, uncertainties related to mineral
title in the project, unforeseen technology changes that results in
a reduction in iron ore demand or substitution by other metals or
materials, the discovery of new large low cost deposits of iron
ore, uncertainty in successfully returning the project into full
operation, and the general level of global economic activity.
Readers are cautioned not to place undue reliance on
forward-looking statements due to the inherent uncertainty thereof.
Such statements relate to future events and expectations and, as
such, involve known and unknown risks and uncertainties. The
forward-looking statements contained in this press release are made
as of the date of this press release and except as may otherwise be
required pursuant to applicable laws, the Company does not assume
any obligation to update or revise these forward-looking
statements, whether as a result of new information, future events
or otherwise.
Macarthur Minerals (TSXV:MMS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Macarthur Minerals (TSXV:MMS)
Historical Stock Chart
From Jul 2023 to Jul 2024