Tin-focused exploration company, YTC Resources Limited has closed its Aus$3.5 million Initial Public Offering early and over-subscribed.

Once listed YTC will have 41,031,950 shares on issue and a pro forma market capitalisation of $10.25 million based on the offer price of Aus$0.25 per share.

YTC CEO Rimas Kairaitis says he is delighted with the investor response.

"The healthy investor response to the IPO reflects the strength of support for the quality of the company's assets and management combined with the public's resurgent interest in tin," Rimas Kairaitis says.

"This interest has been boosted by our unique and exciting partnership with the world's largest tin producer, the Yunnan Tin Company Group Limited of China.

"Drilling and geophysical programs at the Torrington (tin) and Kadungle (gold-copper) projects are now set to start within the first few weeks of listing."

YTC is a tin focused exploration company with an extensive portfolio of assets in the historically under-explored mineral belts of New South Wales.