PRL confirms receipt of AUD 83.1 million from Jupiter IPO
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Date18 Apr 2018
On 19 March 2018, Jupiter Mines Limited (“Jupiter”) announced its intention to relist on the Australian Securities Exchange (“ASX”) in order to provide liquidity for its shareholders. This was expected to be achieved via a placing of up to 600 million existing Jupiter shares with new investors at AUD 0.40 per share, thereby raising up to AUD 240 million and putting a value on Jupiter of approximately AUD 780 million.