Expression of Interest. $0.2. Megado Gold Ltd has launched an initial public offer (IPO) to raise up to $6 million to focus on East African Gold projects.. Megado Gold (ASX:MEG) successfully raised $6m from its IPO to develop gold projects in Ethiopia, and said its operations are unaffected by recent civil conflict in the country. ASX Stock Code: MEG. Pure gold play Megado Gold (ASX: MEG) makes its debut on the ASX today and will hit the ground running with a maiden drilling campaign slated to start in the next two weeks.. Megado gold limited was established for the purpose of acquiring the rights to prospective gold projects in Ethiopia. Megado Gold closes early. The company plans to list on the ASX next month. Five of Megado’s projects (Babicho, Chakata, Mormora, Dawa and Dermi Dama) lie strategically within the Megado Gold Belt, directly along strike to both the north and south of Ethiopia’s largest gold mines, Lega Dembi and Sakaro. To access this website, please select your country of residence from the following list: Country of primary residence: * Chochi Gold Project (80% Megado). Issue Type-Market Cap Max-Shares On Offer-IPO Offer Price. Megado Gold Limited. Exchange - ASX. Residency. The Ethiopia-focused explorer already has extensive sampling, mapping and trenching underway on its projects. You are here: Home > IPO Listing > Megado Gold Ltd. Megado Gold Ltd. IPO Listing Information. The Company was incorporated on 8 March 2019 for the purpose of acquiring the rights to various highly prospective gold … Closes 01st January 1970. The ASX will be joined by another pure gold play on 27 October 2020 when Megado Gold boards for the first time following a strongly supported A$6 million IPO. Five exploration licenses have been obtained since its incorporation. Initial Public Offer. Megado makes big splash in IPO market . The Company will join the ASX with 71.5 million ordinary shares on issue and A$6 million in cash after a significantly oversubscribed IPO. Megado… Its listing follows a strongly supported $6 million initial public offering (IPO) which closed early last month. On behalf of the Board of Megado Gold Limited (Company), I am pleased to present this Prospectus to you and invite you to become a Shareholder of the Company. … September 24, 2020 / IPO Watch SmallCaps has all the details, here’s a snippet - “Managed by Canaccord Genuity (Australia), the IPO offered 25 million ordinary shares at $0.20 each to raise a minimum $5 million and was able to take $1 million in oversubscriptions. Ethiopia-focused explorer Megado Gold’s (ASX:MEG) shares will start trading on the ASX Tuesday after an IPO that raised $6m of fresh capital for exploration activity in the African country.. Investors bid for more shares than the 71.5 million on offer in the IPO that values Megado Gold around the $14m mark.. SO intense is interest in the yellow metal that it took Megado Gold a little over a week to raise funds to list on the Australian Securities Exchange.