Peregrine Gold debuts on the ASX

Moore Australia

31 March 2021

Moore Australia congratulates Peregrine Gold Limited, for listing on the ASX earlier today.

“A huge congratulations to Peregrine Gold for making its debut on the ASX – an excellent milestone and pleasing result, following an oversubscribed Initial Public Offering,” says Moore Australia (WA) Managing Partner, David Tomasi.

Corporate Finance Director Peter Gray, said it was great to see Peregrine Gold Limited close at $0.245 - comfortably above its IPO price of $0.20.

“It was a pleasure to act as Corporate Advisor to the vendors of the assets held by Peregrine and we’re excited to see the assets progress in the capable hands of the Peregrine Board and the Apollo Group,” adds Peter.

Moore Australia (WA) assisted the vendors in the sale of the assets to Peregrine Gold and were also able to provide clients the opportunity to participate in the IPO.

Peregrine Gold’s Initial Public Offering (IPO) raised $2.5 million through the issue of 12,500,000 new fully paid ordinary shares, and is additional to the $3.275 million raised through the in-specie distribution by the Company’s former parent entity, in late December 2020.

About Peregrine Gold
Peregrine Gold Limited holds the Pilbara Gold Project which comprises of seven tenements covering approximately 636km2 in the gold prospective Pilbara region of Western Australia.

The tenement package comprises a number of early stage tenements prospective for gold that historically have been underexplored and/or have had a focus on other metals such as iron ore. The Company considers that the tenements contain a number of anomalies that have been largely overlooked and warrant further investigation.