Zedex has golden touch

Shares in junior gold miner Zedex Minerals have begun trading on the Australian Stock Exchange at a 10 per cent premium to their issue price.

The New Zealand explorer, which is registered in Australia, raised A$5 million ($6.12 million) with the issue of 25 million shares in its recent initial public offering and plans to spend the money on its projects in Australia, Vietnam and Laos.