Korab scraps IPOs

KORAB Resources’ two spin-off companies, Melrose Gold Mines and Lugansk Gold have canned their proposed initial public offerings due to difficult market conditions.

Korab scraps IPOs Korab scraps IPOs Korab scraps IPOs Korab scraps IPOs Korab scraps IPOs

The IPOs had been in the works for more than two years.

Melrose was seeking a minimum of $A3.6 million but as of Friday had raised just $118,400.

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