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M&A / Property Material +

Westgold Completes Demerger of Non-Core Assets to Valiant

By The Northwire Desk — AI Analysis Mar 12, 2026 · 19:54 WGX · 5.92 Westgold Resources Limited
WGX · Price

Executive Summary

  • Westgold Resources Limited completed the divestment of its Reedy and Comet Projects to Valiant Gold Limited.
  • Valiant’s initial public offering (IPO) attracted $75 M in applications (pre‑costs) and was significantly oversubscribed.
  • The timetable for IPO settlement, share issuance, holding‑statement dispatch, and commencement of trading on the ASX has been disclosed.

Key Details

  • Divestment Completion: Westgold finalized the sale of its non‑core Reedy and Comet Projects to Valiant Gold Limited.
  • IPO Applications: Valiant received $75 M in applications (before costs) under its IPO prospectus filed with ASIC on 16 Feb 2026 (prospectus) and 20 Feb 2026 (supplementary prospectus).
  • Oversubscription: The IPO was “significantly oversubscribed,” indicating strong investor demand.
  • Listing Conditions: Valiant’s admission to the ASX remains subject to satisfying listing and quotation conditions.
  • Indicative IPO Timetable:
  • Settlement of IPO Offer – Wednesday, 18 Mar 2026
  • Issue of Shares under IPO Offer – Thursday, 19 Mar 2026
  • Dispatch of Holding Statements – Friday, 20 Mar 2026
  • Commencement of Trading on ASX (normal settlement) – Friday, 27 Mar 2026
  • Regulatory Disclosure: The announcement is authorised for release to the ASX by Westgold’s Board.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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