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Welcome to the Proactive podcast channel – the destination for breaking news on growth companies and up to the minute market coverage.
Here we plug you into what’s new and exciting in the world of business.
Oakmount & Partners investee Intergroup Mining moves closer to Nasdaq IPO with SEC filing
Proactive - Interviews for investors
5 minutes 52 seconds
3 weeks ago
Oakmount & Partners investee Intergroup Mining moves closer to Nasdaq IPO with SEC filing
Oakmount & Partners Ltd managing director Glenn King talked with Proactive's Stephen Gunnion about the progress investee company Intergroup Mining has made toward its planned listing on the Nasdaq stock exchange.
King explained that the submission of legal and accounting documentation to the US Securities and Exchange Commission (SEC) marks a “significant milestone” for Intergroup Mining. “It now means that the company, from a tangible perspective, is just one stage closer to its debut listing,” he said.
He noted that while the SEC now enters a review phase, Intergroup can respond to any questions and continue progressing toward its IPO. King also outlined the key compliance steps remaining and highlighted the importance of demonstrating strong financials, clear business plans, and limited share dilution.
From an investor perspective, King said a US listing would deliver strategic benefits. “You’re on a notable tier one exchange with deep pools of liquidity,” he noted, adding that it may also position Intergroup as an acquisition target in the coming years.
He added that Intergroup Mining produces kaolin, metakaolin, and is also positioned to begin gold production, noting that the project is considered a "legacy mine" with a life expectancy of more than 100 years.
Updates are expected around late January or early February, depending on SEC feedback.
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Proactive - Interviews for investors
Welcome to the Proactive podcast channel – the destination for breaking news on growth companies and up to the minute market coverage.
Here we plug you into what’s new and exciting in the world of business.