Lannister Mining, a Canada-based mining company with an exploration-stage project in Montana, announced terms for its IPO on Friday.
The Vancouver-based company plans to raise $10 million by offering 2 million shares at a price range of $4 to $6. At the midpoint of the proposed range, Lannister Mining would command a market value of $35 million.
Because the company is expected to have a market cap of less than $50 million at pricing, Lannister Mining will be excluded from Renaissance Capital's IPO stats.
Lannister Mining was founded in 2020 and plans to list on the NYSE American under the symbol DRIL. Joseph Gunnar is the sole bookrunner on the deal.
