Good afternoon IPO Watchers, there are two new IPOs we have to announce!

First up is Perth-based mineral explorer Albion Resources Limited, a mineral explorer with two capstone projects; the Lennard Shelf Project and the Pillara East Project.

The Lennard Shelf Project is a Zinc-Lead project situated approximately 30km southeast of Fitzroy Crossing on the Lennard Shelf in the Kimberley and West Kimberley Mineral Fields of Western Australia. The Pillara East Sub-Project is Nickel and Gold focused and covers an extensive area on the eastern margin of the Margaret Embayment, extending from Pillara Range and Virgin Hills in the south to Mount Pierre and Piker Hills in the north and to the Horsespring Range in the northeast.

Albion is raising up to $5,000,000 at an issue price of $0.20 per share. The offer opened on the 26th of March and closes on the 15th of April. The shares are expected to list on the ASX at the open of trading on the 27th of April.

Also new this week is mineral exploration company Flynn Gold Limited, with two 100% owned capstone gold projects - one in WA’s Pilbara region and the other in northeast Tasmania.

Flynn Gold’s Pilbara project covers 448km2 and is adjacent to De Grey Mining’s Hemi discovery in an emerging WA gold district. In Tasmania the Company has an early-mover advantage with its north east Tasmania gold projects (1,130km2), in an area interpreted to be an extension of the Victorian goldfield region, with geology similar to that hosting the high grade Bendigo, Ballarat and Fosterville gold camps.

Flynn Gold is raising between $7,000,000 and $10,000,000 at an issue price of $0.20 per share. The offer opens on the 7th of April and closes on the 23rd of April. The shares are expected to list on the ASX at the open of trading on the 10th of May.

Lastly, Peregrine Gold Limited (PGD) has listed today. Peregrine Gold aimed to raise $2,500,000 at an issue price of $0.20.