Koonenberry Gold IPO to fund NSW gold project with geological similarity to Stawell

Koonenberry Gold Ltd is seeking to debut on the ASX this month after finalising a capital raise of up to $10 million to pursue the development of a greenfields gold project northeast of Broken Hill.

The company’s project has similar geology to the Stawell gold region¹, which is one of the two largest mine sites in Victoria having produced approximately 5 million ounces of gold.

“Gold nuggets have been found near the surface at the Koonenberry Gold project, with this site having the potential to be a major new gold district,” said Koonenberry Gold CEO Karen O’Neill.

The company has a strong and supportive register of institutions, ultra-high net worth family offices and experienced mining investors, most of whom are increasing their exposure via the IPO. There is a small proportion of the IPO which is being made available to retail investors via several platforms including the Company website.

“Koonenberry Gold has attracted a lot of attention from investors within Australia’s gold mining ecosystem, but we want to broaden our shareholder base with an allocation for retail investors” said Ms O’Neill.

The company has already invested more than $4 million to date on defining targets, collecting, and collating geochemistry and geophysical data.

“Koonenberry has eight near-drill ready exploration targets. The Lucky Sevens prospect is the most advanced and we are encouraged by visible gold in the reef at the surface and evidence of a large reef structure along strike and to depth,” said Ms O’Neill.

The Koonenberry project comprises 12 exploration licenses covering an area of 1,339 sq/km.

“This is a large project that has the potential to be a major new gold discovery. Koonenberry Gold will be the first company to undertake a systematic gold exploration programme on its tenements in a highly prospective emerging gold province,” said Ms O’Neill.

Koonenberry Gold plans to trade on the ASX under the ticker code (ASX:KNB).

Related

Successful infill results from soils progress report

December 21, 2021

Koonenberry Gold Ltd (ASX:KNB) is pleased to provide another progress report from its soil sampling campaign. Results from the remaining 219 out of the 441 soil samples taken, (previous results reported in ASX Announcement 23 November 2021), have been received.   

Read More »
VIEW ALL
ONLINE APPLICATIONS
Download Prospectus
HOME

DISCLAIMER

Important Information

The information on the following pages relate to an offer of fully paid ordinary shares in Koonenberry Gold Limited (ACN 619 137 576) (‘Offer’).  The Offer is being made pursuant to a prospectus dated 2 July 2021 (‘Prospectus’) which has been lodged with the Australian Securities and Investments Commission (‘ASIC’).  A copy of the Prospectus is available on this website.

You must read this important notice before you attempt to access the electronic version of the Prospectus through this website. The information on this page is not part of the Prospectus. If you do not understand it, you should consult your professional adviser without delay.

No Advice

Nothing contained on this website or in the Prospectus constitutes investment, legal, business, tax or other advice. In particular, the information on this website and in the Prospectus does not take into account your investment objectives, financial situation or particular needs. In making an investment decision, you must rely on your own examination of the Company and the securities and terms of the offering, including the merits and risks involved. You should consult your professional adviser for legal, business or tax advice.

Warning

The Prospectus does not constitute an offer of or invitation to apply for securities in any jurisdiction where, or to any person to whom, it would not be lawful to issue the Prospectus or make the Offer.  It is the responsibility of any applicant outside Australia to ensure compliance with all laws of any country relevant to their applications, and any such applicant should consult their professional advisers as to whether any government or other consents are required, or whether any formalities need to be observed to enable them to receive a copy of the Prospectus, apply for and be allotted any securities.

In particular, the Prospectus must not be released or distributed in the United States or to, or for the account or benefit of, any person in the United States or in any jurisdiction outside of Australia where distribution may be restricted by law.  The Prospectus does not constitute an offer of securities in the United States or to, or for the account or benefit of, any US Person (as defined in Regulation S under the US Securities Act of 1933 as amended (‘US Securities Act’), or to any person to whom it would not be lawful outside of Australia, Hong Kong and Singapore.  The Prospectus has not been, and will not be, registered under the US Securities Act or the securities laws of any state or other jurisdiction of the United States. The shares offered under the Prospectus may not be offered, sold or resold in the United States or to, or for the account or benefit of, a US Person (as defined in Regulation S under the US Securities Act) (‘US Person’).

By proceeding, you represent, warrant and agree that:

  • you have read and understand the above statements; 
  • you agree to act only in accordance with the above statements;
  • you are not in the United States and nor are you a US Person or a person acting for the account or benefit of a US Person; and
  • you will not make a copy of the information available to, or distribute a copy of the information to, or for the account or benefit of, any US Person or any person in any other place in which, or to any other person to whom, it would be unlawful to do so.

You should ensure that any copy of the Prospectus that you view or print is completely downloaded.  To the extent permitted by law, the Company is not liable for any loss incurred from accessing or downloading the Prospectus from this website, including but not limited to data corruption or viruses. 

I/WE ACKNOWLEDGE THESE TERMS AND AGREE TO BOUND BY THEM.