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Strategies & Market Trends : Dino's Bar & Grill

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From: Goose945/21/2014 6:46:33 PM
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Ivanhoe stock promoter's Robert Friedland son plans IPO. Govind Friedland's GoviEx Uranium Inc. has filed a final prospectus for an initial public offering on the Canadian Securities Exchange. A Reuters dispatch to the Post reports that it is a small deal expected to raise between $1.5-million and $5-million, with up to 2.3 million shares being issued at $2.15 each (all figures U.S.). There are more than 117 million shares outstanding today, though only 24.5 per cent of them will be converted into freely trading stock following the IPO. Vancouver-based GoviEx will use the money raised to work on its Madaouela project in Niger. Govind Friedland is the son of Ivanhoe Mines stock promoter Robert Friedland. Govind Friedland has done a lot of work for his father's companies. But he also made a name for himself with his uranium exploration work in Niger. Between 2007 and 2011, GoviEx raised about $100-million in private funds to pursue uranium opportunities in the West African nation, according to the IPO prospectus. The company attracted investors like Cameco and Toshiba in that period. Govind Friedland is based in Hong Kong and is a graduate of the Colorado School of Mines.
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