Guardian Metal Announces Pricing of Upsized U.S. Initial Public Offering
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.
