Canada's Ivanplats Ltd, a mining company largely focused on Africa, has set a price of C$4.75 a share for its initial public offering.

The company is aiming to raise about C$300 million from the IPO, according to a person closer to the matter. Robert Friedland-led company has announced plans to get listed on the Toronto Stock Exchange, in September.

The offer price of C$4.75 a share is higher than the lower limit in the range of C$4.50 to C$5.40 a share set by the company. Ivanplats is expected to file its final long-form prospectus with regulators on Tuesday. The offering could help raise as much as C$350 million if banks associated with the company also their over-allotment option and sell additional shares to investors.

Ivanplats owns major assets in Democratic Republic of Congo, and South Africa. It has assets in the Kamoa, which has a high-grade copper deposit and in a zinc and copper mine in Kipushi, both of which are situated in the DRC. The company also owns assets in the giant Platreef platinum, gold and copper project in South Africa.