Global Iron raises $222m ahead of listing

Global Iron has raised $222m ahead of its listing on the National Stock Exchange (NSX).

Global Iron has raised $222m ahead of its listing on the National Stock Exchange (NSX).

Headed by Tony Sage, the explorer said it had been well supported in its initial public offering, and had received in-principal approval to list on the NSX.

However it will not issue shares until it attains formal approval for full listing on the exchange and had settled the acquisition of African Petroleum Corporation.

The ASX listed shares of Global Iron have been suspended following the exchange’s decision to stop the backdoor listing of African Petroleum via Global Iron and its sister company International Petroleum.

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