Lucknow Gold Ltd has extended its Initial Public Offer until 31 October this year. This is no great surprise give the turmoil currently being experienced in Australian equity markets. I believe the company was originally planning on listing on 26 September.
Lucknow is seeking $7.5 million at 20 cents per share. The company is expected to trade under the ASX code of LUK.
As the name would suggest, LUK will be looking for gold in the Lucknow and Yambulla Goldfields in New South Wales. The company owns two exploration licences in what it says is the “highly mineralised Lachlan Fold Belt”. Apparently the region dates back to 1977 in providing success to gold explorers.
Visit the Lucknow Gold website for details.
CommSec is the Manager of the Lucknow Gold Limited share offer.
