A New Mongolian Focused Iron Ore Company

November 11 (Mogi) Haranga Resources Limited has lodged its Prospectus with the Australian Securities and Investment Commission (ASIC) on Monday, for an IPO and listing on the Australian Securities Exchange (ASX).

According to the Prospectus, Haranga is offering 125 million shares at an issue price of 20c each to raise A$25M. 125 million shares constitute almost 67% of the total shares upon completion of the offer.

CPS Securities is Joint Lead Manager and Broker to the offer. Azure Capital is also a Joint Lead Manager to the new float.

Indicative Timetable:

Lodgement of Prospectus with the ASIC
9 November 2010
Opening Date  
17 November 2010
Closing Date
5.00pm WST on 3 December 2010
Despatch of Holding Statements
6 December 2010
Expected date for listing on ASX
10 December 2010

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