Steppe Gold hopes to raise 21.1 million CAD with an IPO

The American Chamber of Commerce in Mongolia

2018-05-08 13:01 GMT+8

Steppe Gold Ltd. has announced an initial public offering and plans to raise 21.1 million CAD from Canada’s primary market.

The company intends to offer shares for 2 CAD per unit. Up to 12 million CAD of the expected capital will be spent on exploration and drilling of the Altan Tsagaan Ovoo project. The CEO of Steppe Gold previously reported that the company will invest 100 million USD in the project over the next five years and create up to 250 jobs. 

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