November 4, 2019: Vancouver, B.C.: Blanco Minerals Inc. are pleased to announce that the final preparations are in place in order for the company to proceed with its IPO listing on the New York Stock Exchange.
This announcement is made to
confirm that on Friday, November 1, 2019, the IPO underwriters, Barclays
Securities and Credit Suisse USA, have submitted all of the final IPO documentations
with the SEC market regulators in order to receive confirmation to list on the
main board of the New York Stock Exchange. The date of Wednesday, January 22,
2020 has been applied for as a listing date. The company and its IPO
underwriters seek final approval for the listing date from the regulators and
foresee the date will be given such approval by no later than mid December 2019.
The full prospectus for the IPO
listing will be made available to the general public immediately after the
regulators give final approval to the filed documentation and the application
of the listing date. Since it is expected that such approvals will be granted
by no later than mid December 2019, the public release of the IPO prospectus should
occur by the end of December 2019.
It has been stated by the IPO
underwriting managers that are leading the filing process that the pricing of
the IPO, which will occur 3-5 business days before the listing, will be at
minimally USD $6.00 per share. Due to an extremely strong marketplace in all
aspects of lithium industry investment, it is widely agreed that, after the
listing, the Blanco Minerals' share price will continually grow at a steady
pace over the short and long term.
Peter Ross, Blanco Minerals' CEO
said today, " The whole team including the board members, directors, our
private equity partners and our pre-IPO investors are delighted that the
underwriters have filed the IPO documentation in a timely and efficient manner.
It was decided to set the actual listing date in the second half of January in
order for the regulators to have plenty of time to approve the date in the case
of any requirements for further documentation needing to be filed."
Mr. Ross also said, "Since it
is still quite early days in the global lithium boom, our timing for going
public could not be better. In Barclays Securities and Credit Suisse we have
the greatest promoters and underwriters backing us. The lithium battery
industry will continue to grow at a massive rate for the next several years.
The electric car industry is still in its infancy. We thank all of the
investors who have put their faith in our organization. We are all about to be
rewarded tremendously for that belief in the future of Blanco Minerals."
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. Blanco Minerals Inc. is developing the largest lithium
project in North America at Zacatecas State, Mexico.
For
further information contact: investors@blancominerals.com
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