| Company Details |
| Company Name: |
Horseshoe Metals Limited |
| Stock Code: |
HOR |
| ACN: |
20 123 133 166 |
| Address: |
52 Ord Street, West Perth, WA, 6005
|
| Website: |
http://www.horseshoemetals.com.au |
| Telephone: |
08 9481 8760 |
| Information: |
Investment Highlights
- The Horseshoe Lights Mine has a history of
copper and gold production and has an in-situ
JORC compliant Inferred Mineral Resource of
4.88 million tonnes @ 1.0% copper containing
48,000 tonnes of copper.
- The Horseshoe Lights Mine is located in the highly
prospective Narracoota Volcanics geological unit
which is the same geological unit that the recently
discovered Doolgunna copper/gold deposit is
located in.
- Drill targets aimed at increasing the Mineral
Resources at Horseshoe Lights have been identified.
- Exploration at Horseshoe Lights will target
Volcanogenic-hosted Massive Sulphide (VMS)
mineralisation.
- The Kumarina Project is a largely greenfields
project with a history of copper production from a
series of pits, shafts and shallow open cuts over a
strike length of about 3km.
- Recent interpretation of satellite imagery over
Kumarina has identified over 20 copper exploration
targets, the best of which will be the focus of the
Company’s upcoming exploration activity.
- The Company will by organic growth, acquisitions
and corporate activity seek to access additional
copper resources in the region around the Projects.
- The Company will also seek to pursue
complementary assets and corporate opportunities
with the potential to add value.
- Experienced board with an appropriate
mix of skills.
- Management has strong expertise and experience
in the resources industry.
|
| Offer Information |
| Offer Status: |
Floated (closed over-subscribed) |
| Open Date: |
9th June, 2010 |
| Close Date: |
22nd July, 2010 |
| Float Date: |
29th July, 2010 |
| Issue Price: |
$0.20 |
| Opening Price: |
$0.22 |
| Amount Sought: |
$7,000,000 |
| Number of Shares: |
35,000,000 |
| Market Cap at Issue Price: |
$11,220,100 |
| Corporate Services |
|
Auditor:
|
PKF Corporate Advisory Services (WA) Pty Ltd |
|
Solicitor:
|
Jeremy Shervington |
|
Corporate Advisor:
|
Azure Capital Pty Ltd |
|
Share Registry:
|
Computershare Investor Services Pty Limited |
|
Independent Expert:
|
Al Maynard & Associates Pty Ltd |
| Board Members |
|
Managing Director:
|
Neil Marston |
|
Non-Executive Chairman:
|
Jeremy Shervington |
|
Non-Executive Director:
|
Alec Christopher Pismiris |
|
Non-Executive Director:
|
Stuart Hall |
|