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ASX hopeful Tolu wants to replicate K92's PNG success

Papua New Guinea-focused gold company Tolu Minerals, formerly Lole Mining, hopes to list on the Australian Securities Exchange in January - scuttling a planned acquisition by Tempest Minerals - with a pitch to investors that it could be the next K92.

Nathan Richardson, in Sydney, Australia
Tolu’s IPO aims to raise A$15 million at an issue price of $0.50 per share.

Tolu’s IPO aims to raise A$15 million at an issue price of $0.50 per share.

"We're targeting going live on the ASX in the early New Year - ringing the bell sometime during January," Tolu managing director Ian Macpherson said at the 16th PNG Mining and Petroleum Investment conference....

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