Riviera Resources IPO Australia: Finance Trading Times

Riviera Resources IPO Australia

There is a new IPO or initial public offering coming to the capital markets. The IPO belongs to Riviera Resources Limited, based in Subiaco.

Riviera Resources IPO Australia
What is the size of the Riviera Resources IPO?
The Riviera Resources IPO is expected to collect around $2.5 million from its initial public offering.

Where will the IPO proceeds or capital raised by Riviera Resources IPO be used?
The fund raised by Riviera Resources IPO will be used to contribute to exploration costs at its Three Sisters project in Queensland.
The company plans to spend $1.1 million over two years on exploration at the Three Sisters project, where the target commodities are gold and base metals. The project has undergone only reconnaissance exploration which has identified a number of targets. It also intends to seek out other projects both in Australia and overseas.

How many shares will be sold through the Riviera Resources IPO?
A total of 12.5 million shares will be sold through the Riviera Resources IPO.

What is the price per share of the Riviera Resources IPO?
The shares of Riviera Resources IPO are priced at 20 cents per share.
What are the opening dates and listing dates of Riviera Resources IPO?
The offer is scheduled to close on July 28, 2008 and the listing is planned on the Australian Securities Exchange on August 1, 2008.
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