Superior Resources Ltd (ASX: SPQ)

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For the issue of up to 25 million shares at an issue price of 20 cents each to raise up to $5 million (with a minimum subscription of 12.5 million shares at 20 cents each to raise $2.5 million).

Superior Resources Ltd (ASX: SPQ) ()

IPO -

Superior Resources Ltd is offering up to 25 million shares at an issue price of 20 cents each to raise up to $5 million (with a minimum subscription of 12.5 million shares at 20 cents each to raise $2.5 million) in an Initial Public Offering.

Martin Place Securities Pty LimitedĀ has underwriten the minimum subscription.

Investment Highlights

  • SPQ is a base metal explorer operating in the major base metal province of north-west Queensland;
  • SPQ is targeting copper and lead-zinc-silver deposits;
  • SPQ has extensive comprehensive digital databases at its disposal and uses advanced exploration
    methods;
  • SPQ holds 100% equity in all of its exploration Tenements;
  • SPQ is managed by experienced and competent explorers; and
  • SPQ holds 7 million fully paid shares in the issued capital of Deep Yellow Limited, a public
    company listed on ASX Limited (ASX:DYL).

Summary of Total Offer

Unit Price: A$0.20
Total Units on Offer: 25 million
Raising: $A5,000,000

Head Broker:

Barry Dawes
bdawes@mpsecurities.com.au
+61 2 9222 9111

About this Capital Raising

  • IPO
  • October 22, 2007 17:00
  • 5,000,000