IPO on the ASX
Having raised approximately AU$11.5 million privately as pre-IPO financing enabling the company to complete the acquisition and undertake various studies, including the various due diligence reports, the Independent Geologist’s Report and the Mineral Resource Estimate for Tolukuma mine, Tolu has embarked upon an initial public offering (IPO) that projects completion of listing on the Australian Stock Exchange during Q3, 2023.
The Company is targeting a raise of AU$15 to AU$20 million through the IPO as described in the prospectus that is included in this website.
Download the Prospectus and Application Form
Electronic availability of Prospectus text
The prospectus for the offer of a minimum of 30 million shares at an offer price of A$0.50 to raise A$15 million as a minimum to a maximum of 40 million shares at an offer price of A$0.50 to raise A$20 million can be found here.
The Prospectus is also issued to facilitate the secondary trading of the Frontier Shares (as defined in the Prospectus) so as to enable the Frontier Shares to be on-sold in Australia without any trading restrictions.
The Prospectus is also issued to facilitate the secondary trading of the MRDC Shares (as defined in the Prospectus) so as to enable ethe MRDC Shares to be on-sold in Australia without any trading restrictions.
The expiry date of the Prospectus is 9th September 2024.
Important information
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 its securities and terms of the offer, including the merits and risks involved. You should consult your professional adviser for legal, business or tax advice.
Please ensure that you be read the Prospectus in its entirety.
Lodgement of Prospectus with ASIC
The paper form of the electronic Prospectus (including its attached Application Form) accessible through this website has been lodged with the Australian Securities and Investments Commission (ASIC). Neither ASIC nor ASX Limited, nor any of their respective officers, take any responsibility for the contents of the Prospectus or the merits of the investment to which the Prospectus relates.
An application for shares can be made by either:
1. printing and completing the Application Form attached to or accompanied by the electronic Prospectus; or
2. completing the Application Form attached to or accompanied by a paper form of the Prospectus; and then lodging the form and the Application monies in accordance with the details set out in the Prospectus and the Application Form.
Any person may obtain a hard copy of this Prospectus free of charge by contacting the Company. If you have received this Prospectus as an electronic Prospectus, please ensure that you have received the entire Prospectus accompanied by the relevant Application Form. If you have not, please contact the Company so either a hard copy or a further electronic copy of the Prospectus or both can be sent to you for free.
The Company will not accept a completed Application Form if it has reason to believe that the Applicant has not received a complete and unaltered copy of the Prospectus.
Institutional Investors residing outside of Australia and New Zealand should contact one of the Foreign Brokers to the Offer, Amvest Capital Inc. (acting through Delphos MMJ LP) or Stifel Nicolaus Canada Inc. for advice as to their eligibility to participate in and how to apply under the Institutional Offer.
Warning
For legal reasons, the information and electronic version of the Prospectus accessible through this website is available to persons accessing this website from within AUSTRALIA OR NEW ZEALAND ONLY.
If you are accessing this website from anywhere outside Australia or New Zealand, please DO NOT download the electronic version of the Prospectus accessible through this website.
This Prospectus does not constitute an offer of 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 of Australia or New Zealand 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 apply for and be allotted any securities.
The Prospectus does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States. The securities have not been, and will not be, registered under the US Securities Act 1999, as amended (US Securities Act) or the securities laws of any state or other jurisdiction of the United States. Accordingly, the securities may not be offered or sold in the United States except in transactions exempt from, or not subject to, the registration requirements of the US Securities Act and applicable US state securities laws. If you are an Institutional Investor residing in the United States, please contact the US brokers to the offer (Amvest Capital Inc. (acting through Delphos MMJ LP)) for information on how to make an application under the Institutional Offer.
The Prospectus accessible on this website is available to person accessing the site form within Australia or New Zealand only. If you are accessing this site from anywhere outside Australia or New Zealand, do not download or view the Prospectus. By accessing the Prospectus, you acknowledge and confirm that you are an Australian or New Zealand resident and are accessing the site from within Australia or New Zealand.
I agree I have read and understood the above disclaimer before downloading the prospectus and application