FINWIRES · TerminalLIVE
FINWIRES

Chilwa Minerals Files Registration Statement for Proposed US Offering, Nasdaq Listing

By

Chilwa Minerals (ASX:CHW) filed a Form F-1 registration statement with the US Securities and Exchange Commission for a proposed listing and public offering of American depositary shares (ADS), according to a Friday disclosure on the Australian bourse.

Each ADS will represent 10 ordinary shares in Chilwa, and the company plans to list them on the Nasdaq Capital Market to complement its existing ASX listing.

The terms of the offering, which is subject to regulatory review and final Chilwa board approval, have not yet been determined.

A potential Nasdaq listing will provide more financial flexibility to support the development of the company's critical minerals project in Malawi, it said.

Related Articles

Asia

Unisem (M) Gets Bourse's Nod to List Up to 161 Million Private Placement Shares

Unisem (M) (KLSE:UNISEM) received approval from Bursa Malaysia Securities Berhad to list and quote up to 161.3 million new shares under its proposed private placement, according to a Wednesday Malaysian bourse filing.Shares gained about 2% in Thursday's late morning trade.The shares represent up to 10% of the company's issued share capital.The approval is subject to customary conditions, including compliance with listing requirements and the exchange's approval conditions.

KLSE:UNISEM
Asia

POCO Applies to List on Hong Kong Bourse; Shares Up 3%

POCO Holding (SHE:300811) on Wednesday applied to issue H shares on the Main Board of the Hong Kong bourse.The listing is subject to approvals from Chinese and Hong Kong regulators, according to a Wednesday filing with the Shanghai bourse.Shares of the advanced materials manufacturer rose 3% in recent trade.

SHE:300811
Asia

NLC India, National Aluminium Sign JV for 1,080 MW Captive Thermal Power Project in Odisha, India

NLC India (NSE:NLCINDIA, BOM:513683) agreed to form a joint venture with National Aluminium (NSE:NATIONALUM, BOM:532234) to develop a 1,080 MW coal-based thermal captive power plant in Angul in Odisha, India, according to a Wednesday filing to the Indian stock exchanges.The 4×270 MW power plant will be set up to meet the captive power requirement of National Aluminium's 0.5 million tons per annum aluminium smelter expansion project.The joint venture, which will have equal equity participation from the two companies, will execute a fuel supply agreement with NLC India from its Machhakata coal mine or any other mines for 25 years.It will also sign a 25-year power purchase pact with National Aluminium for 100% offtake of power.

BOM:513683BOM:532234NSE:NATIONALUMNSE:NLCINDIA