REE explorer Resouro lists on ASX

Canada-based, Brazil-focused Resouro Strategic Minerals on Friday started trading on the ASX in Sydney, following a A$8-million public initial offering (IPO).

Resouro raised the cash by issuing 16-million CDIs at A$0.50 each, with a ratio of one CDI for one share, resulting in a post-IPO market capitalisation of A$46.1-million.

By late afternoon, Resouro traded at A$0.67 a share.