Vancouver, B.C.: September 19, 2019 - Blanco
Minerals Inc. has announced today that they will allow their institutional
investors and private equity partners to begin offering pre-IPO shares in
Blanco Minerals Inc. to their own private and corporate clients. The pre-IPO
shares are authorized to be sold at their current audited value of USD $2.65
per share.
On August 27, 2019, Blanco Minerals Inc. released
news stating that they are moving forward to go public with an IPO on the New
York stock market and they intend to list the IPO within the first half of
2020. Blanco Minerals can also confirm that they are currently negotiating
underwriting contracts with a number of large well known Wall Street investment
banks to bring the IPO to market by the first half of 2020.
Blanco Minerals' CEO Peter Ross said today,
"We are giving the go ahead to our institutional investors and private
equity partners in the USA, London and Hong Kong to sell a maximum of 5.5
million pre-IPO shares to their own private and corporate clients. This will be
the 1st tranche of pre-IPO placements and 1 or 2 more tranches could possibly
be sold later as we further develop our lithium resources and the company's
value increases. The first tranche is at a ground level entry price of USD
$2.65 per share, we are sure that on future audits the company's valuation will
rise sharply as our lithium production ramps up and revenue increases."
Mr. Ross also remarked, "I can also say
today that Blanco Minerals are on the verge of signing a financial deal with a
major global corporate household name in relation to bringing our projects in
Argentina into production much faster than expected. The deal I refer to will
include a substantial sized cash injection.
Mr. Ross expressed, "We are still in the
early days of a global lithium boom because of the rapid growth of the electric
vehicle industry along with huge demand from the electronics industry and the
business of renewable energy storage. By going public in the near future our
shareholders will be in the best position possible to maximize the profits on
their investments and reap the rewards they deserve for having faith in our
company."
About the Company:
Blanco
Minerals Inc. controls the Salar De Arena Rica Lithium Brine Project, located
in the Atacama Region of Northern Chile, in a joint venture partnership with
SQM, The company also maintains a large lithium brine project in Jujuy Province
in northwest Argentina. Furthermore, Blanco Minerals Inc. is developing the
largest lithium project in North America at Zacatecas State, Mexico.
For further
information contact: investors@blancominerals.com
No comments:
Post a Comment