Advance, Sky cook up $16M float for eastern gold assets
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Advance Metals and Sky Metals intend to move their gold projects in Victoria and New South Wales into a separate company. This new entity will be funded through a proposed initial public offering. The planned float is expected to raise 6 million dollars.
Advance Metals and Sky Metals plan to spin out their NSW and Victorian gold projects into a new company, NewCo, funded by a proposed $6 million IPO.