Upcoming Floats

THE BOURSE WHISPERER: A quick look at some up and coming Resource companies waiting to list on the boards of the ASX.

Fertoz Limited
Proposed ASX code: FTZ
Proposed listing date: 14 August 2013

Fertoz has an initial public offering of 15 million new fully-paid ordinary Shares at 20 cents per share to raise $3 million.

The company’s stated mission is to become a fertilizer producer initially supplying the Canadian / USA markets.

Fertoz holds approximately 3,730 square kilometres of exploration tenements across Canada, and Australia.

Its Canadian Direct Shipping Ore (DSO) phosphate projects – Wapiti, Barnes Lake and Crows Nest – are located in British Columbia.

In its prospectus the company indicated it Australian projects may require beneficiation if resources are proven.

These are the Sherrin North project in Queensland, and the Barrow Creek, Katherine, and Barkly projects in the Northern Territory.

The company outlined its strategy is to evaluate its exploration tenements in Canada in order to identify any potential DSO project of 24 per cent to 28 per cent  phosphate, which may be capable of generating early cash flow with relatively low capital cost.

It also intends pursuing the joint venture of its early-stage Australian exploration projects with prospective joint venture partners to provide funding for exploration and development, in return for an equity interest in the relevant Australian project.

Source: Australian Securities Exchange


Elsmore Resources Ltd
Proposed ASX code: ERL
Proposed listing date: TBA


Elsmore Resources is a mining and exploration company focused on exploration for tin and gem stones in and around the New England Region of New South Wales.

The company is offering up to 25 million Shares at 20 cents per share to raise $5 million.

The company intends using the funds to pay contractual sums required under acquisition agreements, to mine, explore and further develop the company’s existing mining interests, to generate working capital and to pay the costs of the offer.

Elsmore’s project consists of six exploration licences, or Exploration Licence Applications and an interest in a mining lease.

The project is centred in the New England district of NSW on tenements the company claims to be prospective for alluvial tin, sapphires and diamonds from both recent and deep lead deposits, and for hard rock tin deposits.

Elsmore is aiming to mine and conduct further exploration on it tenements with the hope of establishing sufficient resources to begin mining.

The company anticipates revenue from mining will be used to fund further exploration within the tenement group.

Initial exploration will concentrate on alluvial tin and sapphires.

An alluvial treatment plant acquired by the company has been installed that is suitable for both alluvial tin and sapphires with minimal modification.

 

Source: Australian Securities Exchange

 

Disclaimer:  The above information is not investment advice. The Roadhouse accepts no responsibility for investments made from this information.