Sinovus Mining Ltd (ASX: SNV)

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For an offer of up to 30,000,000 new shares at a price of $0.20 each to raise $6,000,000 with a minimum subscription of 20million shares to raise $4,000,000. Underwriter: Martin Place Securities

Sinovus Mining Ltd (ASX: SNV) (Minerals, Precious Metals)


Sinovus is an emerging mining exploration company with a singular focus on seeking and developing mining opportunities in China.

The Company’s key objectives are to acquire and develop high value precious metals and mineral projects in China, through participating in and controlling co-operative joint ventures with local Chinese partners. Sinovus was formed in August 2006 and has since entered into various arrangements. Through these arrangements, Sinovus has interest in prospective tenements in China. With the capital to be raised through this Prospectus Sinovus can employ modern exploration technology to prove the commercial potential of its mining assets.

Summary of Total Offer

Unit Price: A$0.20
Minimum Units on Offer:  20 million
Raising up to: $A6,000,000

Head Broker:

Barry Dawes
+61 2 9222 9111

About this Capital Raising

  • IPO
  • November 7, 2007 17:00
  • A$ 6,000,000