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Valiant Gold Limited (ASX:VAL) – $75m Initial Public Offering

Overview
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Argonaut acted as Lead Manager and Bookrunner to the A$75 million IPO of Valiant Gold Limited (ASX:VAL), which attracted strong support from existing Westgold shareholders via a Priority Offer and from new institutional, sophisticated and retail shareholders via Institutional and Broker Firm offers.
Role
Lead Manager & Bookrunner
Date
March 2026
Value
$75,000,000
Category
Equity Capital Markets
Deal type
Initial Public Offering

Valiant was established to acquire the Reedy and Comet gold projects from Westgold Resources Limited (ASX:WGX) via a demerger and emerges from the IPO as an independent, well-funded gold company with approximately 1.2Moz of JORC-compliant Mineral Resources in Western Australia's prospective Murchison region.

Westgold retains a significant shareholding in Valiant, with the structure providing both companies a clear platform for value creation.

Argonaut’s deal team was led by Greg Southee, Kaiden Gilbert, Bryce Denysiuk & Max Carter-Mazak, with syndication from Chris Wippl.

To learn more, visit the Valiant Gold website here.

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