amscot has partnered with OnMarket BookBuilds to provide our clients with even more investment opportunities. In addition to the exclusive capital raisings that amscot undertakes and offers to our clients, you can now take advantage of offers from OnMarket. Our association with OnMarket will allow you to bid directly on IPOs and have the shares allocated straight to your holdings at amscot. Through OnMarket our clients will also be able to access free research, management interviews and get notifications on upcoming IPOs.
OnMarket is Australia’s first online platform that lets all investors buy shares in IPOs free of any fees other than the cost of the shares. Since launching in October 2015 OnMarket has hosted 1 in 3 ASX IPOs, so we are obviously excited to be able to offer our clients access to this cutting-edge platform. For each offer hosted by OnMarket you get easy bidding & payment, free independent research, and a chance to 'meet the management' via exclusive video interviews. Best of all, when you invest in IPOs via OnMarket, any shares you buy can be allocated directly to your amscot Stockbroking account so you can manage your portfolio without disruption.
We will display the list of current offers from OnMarket on our website. If you see an offer that you want to invest in then click on the Bid Now button to apply for shares. You will leave amscot website and be redirected to our partner's (OnMarket) bidding platform where you will need to sign up with your Holder Identification Number (HIN). If you have already signed up then you will be taken straight to the bidding page for the selected offer.
Montem Resources Limited (ASX: MR1) owns the Chinook Properties, which comprise prospective metallurgical coal leases and freehold titles in southern Alberta and British Columbia, Canada. These properties are located in an active mining district and in close proximity to key mines of Teck Resources, a major exporter of Canadian coking coal.
Four of the Chinook Properties contain previous open-cut and underground mines. Montem Resources plans to re-establish mining at the Tent Mountain open-cut mine while exploring development opportunities at the other Chinook Properties. The objective for Montem Resources is to develop a regionally integrated coking coal mining complex in the Crowsnest Pass region, leveraging central infrastructure, and focusing on low cost development of open-cut coking coal mines. Montem Resources has brought together a team of technical and management specialists with extensive experience in coal mining in Canada and Australia, led by Peter Doyle and Bob Bell.
Montem Resources Limited is seeking to raise between $15 million and $20 million and will have an estimated undiluted market capitalisation of approximately $55.8 million at maximum subscription.
The funds raised under the Offer will be primarily directed to:
The Chinook Properties are six discrete projects located on the front ranges of the Canadian Rocky Mountains in southwestern Alberta, Canada (with Tent Mountain also straddling the Alberta-British Columbia border) and are mostly brownfield projects having supported prior mining. They are:
Resource estimates have been completed for the Tent Mountain, Chinook North, Chinook South and Vicary - Racehorse projects. Each of these projects contain JORC Code 2012 classified Coal Resources.
The Montem Resources board and management possess significant experience in ASX-listed coal companies, and in the development and operation of coal mining assets. These include:
You are encouraged to read the Prospectus carefully as it contains detailed information about the Company and the Offer. Like all investments, an investment in the Company carries risk. As set out in Section 8 of the prospectus, Montem Resources Limited is subject to a range of risks, including but not limited to approval and licences, road and infrastructure access, additional capital requirements and environmental risks.
Section 734(6) disclosure: The issuer of the securities is Montem Resources Limited ACN 623 236 831. The securities to be issued are ordinary shares. The disclosure document for the offer can be obtained by clicking on the link above. The offers of the securities are made in, or accompanied by, a copy of the disclosure document. Investors should consider the disclosure document in deciding whether to acquire the securities. Anyone who wants to acquire the securities will need to complete the application form that will be in or will accompany the disclosure document (which can be done via the electronic application form which will become available by clicking the bid button above).