Valiant ASX debut for Westgold spin-out

Valiant ASX debut for Westgold spin-out

Westgold Resources spin-out Valiant Gold has defied souring sentiment for the precious metal with its strong start to life on the stock exchange.

Westgold spin-out Valiant Gold surges 20pc on ASX debut

Westgold Resources' spin-out Valiant Gold surged around 20 per cent on its first day of trading on the Australian Securities Exchange following its $75 million IPO.

The newest ASX gold company makes a strong debut on the bourse, up more than 20%

Investors who got in on the ground floor at Valiant Gold Ltd (ASX: VAL) are already sitting on impressive gains with the company's shares changing hands more than 20% up on their initial public offer (IPO) price on their first day of trade. Strong public offer support Valiant Gold raised $75 million in an oversubscribed IPO, allocating $20 million to Westgold Resources Ltd (ASX: WGX) shareholders. Westgold itself retains a 44% equity interest in…