Deal alert: Bens Creek Group plc
PKF supports admission to AIM
We are delighted to have supported Bens Creek Group plc on their admission to trading on AIM. Upon admission, the company will have a market capitalisation of £35 million, following a successful total fundraise of £7 million (before expenses) at the placing price of 10p per ordinary share.
Bens Creek owns and operates a metallurgical coal mine located on 10,000 acres on the southern part of the state of West Virginia and eastern edge of Kentucky, in the central Appalachian Basin of the eastern United States of America. The mine’s operations are located primarily in Mingo County, West Virginia. The mine includes a wash plant and rail loading facility.
PKF acted as reporting accountant on the transaction and the Capital Markets team included Dominic Roberts and Adam Humphreys.
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