‘Steppe Gold’ files for IPO www.news.mn
Toronto-based Steppe Gold is a precious metals exploration and development company focussing on opportunities in Mongolia. The company has filed a preliminary prospectus in connection with a proposed initial public offering (IPO) of its common shares.
In September 2017, Steppe Gold acquired advanced-staged Altan Tsagaan Ovoo Project in Mongolia from Centerra Mongolia, a subsidiary of Centerra Gold Inc., for aggregate consideration of USD 21.78 million. Steppe Gold has also acquired two exploration stage mineral properties in Mongolia.
The Altan Tsagaan Ovoo Project is comprised of one mining license (MV-017111) over an area of 5,492.63 ha. The project is located in the territory of Tsagaan Ovoo Soum, Dornod Province in eastern Mongolia, 660 km east of the capital Ulaanbaatar, and is at the junction of rivers of Bayan and Duruu. It is near the foot of the mountains Delger Ulziit, Bayan, Namkhai Hill and Yaruu.
Published Date:2017-11-07