Blue Doe Gold is planning to float on Aim.
A pre-IPO fundraising raised £352,000 at 2.75p a share and a nominated adviser and broker will be appointed in the future.
Blue Doe Gold (www.bluedoegold.com) owns the Blue Doe and Eagle Hawk gold projects in Queensland. It also has the Edward gold, silver, and copper project. These assets were part of a group of projects owned by Circle Resources, which was bought by Plus-quoted All Star Minerals at the end of 2011. All Star has separated these specific assets with the intention of floating them.
The company’s directors include Noel Lyons, who was involved with Aim-quoted Premier Gold Resources when it was undertaking the reverse takeover of Kyrgystan gold assets. Chief executive Patrick Griffiths used to run the Australian subsidiaries of Sirius Exploration. Finance director Edward Taylor is a non-executive at Beowulf Mining.
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