MacArthur Minerals Opens $7.5M ASX IPO

The Brisbane-based company is seeking to raise at least A$5 million and up to $7.5 million via the issue of 25c shares.

Shaw and Partners is lead manager to the offer.

The offer is scheduled to close on November 29, which would see Macarthur list on the ASX before the end of 2019.

In connection with the offer, shareholders in Brisbane today approved a one-for-four share consolidation.