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Westgold Spins Out $125m Valiant Gold IPO to Unlock Non-Core Assets
9:30am on Monday 15th of December, 2025 AEDT
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Westgold Spins Out $125m Valiant Gold IPO to Unlock Non-Core Assets
9:30am on Monday 15th of December, 2025 AEDT
Key Points
Demerger and IPO of Reedy and Comet assets to Valiant Gold in Q3 FY26
Valiant to raise $65-$75 million with $20 million priority offer for Westgold shareholders
Ore Purchase Agreement enables Valiant to access Westgold’s processing hubs for near-term production
Westgold retains 44-48% equity stake in Valiant post-IPO
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Westgold Resources (ASX:WGX)
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