Altona Rare Earths Plc

Deal Alert: PKF supports admission to the Main Market

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We are delighted to have supported Altona Rare Earths Plc on their admission to the Main Market of the London Stock Exchange.

Altona Rare Earths Plc has raised gross proceeds of £2 million, through the issue of 40 million new ordinary shares at 5 pence per share, through an oversubscribed placing of £1,677,300 and a subscription of £322,700. On admission, the company will have 82,403,199 ordinary shares in issue.

Altona Rare Earths Plc is a mining exploration company focused on evaluating, developing and extracting Rare Earths in Africa.

“We are grateful to PKF for their professional support during our LSE listing process, in particular their diligence and flexibility in the light of changing parameters. We look forward to continuing working with them as the company grows.”

Cédric Simonet, COO
Altona Rare Earths Plc

PKF acted as reporting accountant on the transaction and the Capital Markets team included Adam Humphreys, Lauren Haslam and Ben Pringle.

Find out more about how our Capital Markets team can support you and your business here