For information only – no public offer and i am not spending too much time on this
Fortress Minerals Limited is offering 75m Placement Shares (including 51.25m Cornerstone Shares) at $0.20 per share for a listing on Catalist. There is no public offering. The IPO will close on 25 March at 2019, 12 pm. The market cap, based on the IPO price, will be S$100m. Principal Business The Company is a high grade iron ore producer in Malaysia and is principally in the business of exploration, mining, production and sale of iron ore concentrate. The iron ore are sold to steel mills and trading companies in PRC and Malaysia. Financial Highlights

According to the prospectus, the unaudited pro forma financials for 1H 2019 shows a revenue of $6.5m and net profit of $2m. It also proposed an increasing dividend payout of no less than 10% of the Group