Mining junior draws out Flannery family ahead of ASX listing

afr.com:

Canada-listed rare earths junior Resouro Gold is collecting quite the Aussie shareholder base, as Taylor Collison begins preparations for a float on the ASX.

Resouro Gold wants to list Down Under by year end.  

Street Talk understands the Flannery Family Office and Jeremy Bond’s Terra Capital were among local investors who tipped into Resouro’s $3.2 million equity raising on the TSX Venture Exchange earlier this month.

They joined Regal Funds Management, which was announced as a cornerstone investor in Resouro’s stock exchange disclosure. The raising was priced at a 3.4 per cent discount to the last close and an 87 per cent premium to where it last tapped equity capital markets.

Resouro’s bought a third of a Brazilian rare earths and titanium project in Tiros, and has an option to go up to 90 per cent. Taylor Collison was involved in the equity raisings, and will oversee the explorer’s run at the ASX boards in coming months.

The float pitch is expected to point to the likes of Meteoric Resources whose shares have gained 250 per cent this year. The names on its register should also help.