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20.03.26 - 02:12
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Guardian Metal Announces Pricing of Upsized U.S. Initial Public Offering (Business Wire)
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LONDON--(BUSINESS WIRE)--Guardian Metal Resources plc (LON:GMET OTCQX:GMTLF), a U.S.-focused exploration-stage company focused on tungsten in Nevada, United States, is pleased to announce the pricing of its initial public offering in the United States of 4,444,400 American Depositary Shares (“ADSs”), representing 22,222,000 new ordinary shares (“ADS Shares”), at an initial public offering price of $13.50 per ADS for gross proceeds of approximately $60 million, before underwriting discounts and commissions and offering expenses. All ADSs sold in the initial public offering were offered by Guardian Metal.
Guardian Metal has granted the underwriters a 45-day option to purchase up to an additional 666,660 ADSs. The offering is expected to close on March 24, 2026, subject to customary closing conditions.
The ADSs are expected to begin trading on the NYSE American on March 20, 2026 under the ticker symbol “GMTL”.
BMO Capital Markets Corp. is acting as lead book-running manager; Cantor Fitzgerald & C...
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