What we know so far
| Offer price: | $0.20 |
| Proposed code: | CGR |
| Expected raise: | $8,000,000 – $10,000,000 |
| Expected listing: | 12 October 2023 |
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CGN Resources shares are now publicly available to purchase on the Australian Securities Exchange (ASX). Here's what we know about the IPO and how you can buy in.
Where to invest in the CGN Resources IPO
CGN Resources has listed on the ASX, so you can now buy shares over the stock market. To do that, you'll need to be signed up to a broker. Your cheapest option is to sign up to an online broker. Check out the steps below:
How to buy shares when CGN Resources lists
- Compare share trading platforms. To buy shares in an Australian-listed company, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
- Search for CGN Resources. Find the share by name or ticker symbol: CGR. You can also search for any other shares traded publicly on exchanges available within your chosen platform.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until CGN Resources reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At price of at you're buying the shares, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
- Check in on your investment. Congratulations, you own a part of CGN Resources. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
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What we know about the CGN Resources IPO
CGN Resources lodged its prospectus with the Australian Securities and Investments Commission (ASIC) to list on the ASX under the ticker symbol CGR.
Oracle Capital Group Pty Ltd and 708 Capital Pty Ltd were appointed as lead managers with an expected raise of $8,000,000 – $10,000,000 at $0.20 per share. You can check out some of the key dates and figures in the table below:
| CGN Resources IPO key numbers | |
|---|---|
| Offer price | $0.20 |
| Dividend yield | 0% |
| Total number of shares available under the offer | 40,000,000 – 50,000,000 |
| Proposed ASX code | ASX: CGR |
| Target market cap | $20.0 million – $22.0 million |
| Retail offer opens | 30 August 2023 |
| Retail offer closes | 15 September 2023 |
| Expected listing on ASX | 12 October 2023 |
| Expected dispatch of holding statements | 3 October 2023 |
According to latest information available, retail investors (regular investors) have between 30 August 2023 and 15 September 2023 to participate in the CGN Resources IPO. After the retail offer close date, you'll need to wait until the stock is publicly available on the ASX to buy shares.
Where to buy CGN Resources shares
The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.
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Company history
CGN Resources launched in 2007 and is headquartered in West Perth, WA.
How do I buy shares?
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the product on the provider's website.
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