North Star Energy, a mining company that recently lodged an application to list on the Australian Securities Exchange (ASX), has withdrawn its application. The company was aiming to raise $25 million through the sale of ordinary fully paid shares with an issue price of AUD 0.20 per share. Bell Potter Securities Limited acted as the lead manager for the offer.
The company’s principal activities are in mining, and it was expected to be listed under the GICS industry group to be announced later. The expected offer close date was on February 17, 2023. Unfortunately, North Star Energy decided to withdraw its application before the scheduled listing date, which was not announced.
Despite the withdrawal, North Star Energy remains focused on its mining activities and will continue to pursue opportunities to grow its business. The company can be reached at +61 7 3016 5000 or through their website at https://northstarenergy.com.au/ for any inquiries.
Investors who have expressed interest in North Star Energy’s IPO are advised to stay updated for further announcements or news. Meanwhile, IPO Society will continue to provide updates on the latest IPO listings and news in the Australian market.