Deal alert: Firering Strategic Minerals plc
PKF supports admission to AIM
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Service: Sector: We are delighted to have supported Firering Strategic Minerals plc on their admission to trading on AIM. Firering has raised gross proceeds of £4 million through the issue of 30,769,230 placing shares priced at 13p each, giving a market capitalisation of £11.3 million on admission.
Firering was incorporated in the Republic of Cyprus on 8 May 2019, as the holding company for several exploration and development companies, focusing on the development of assets towards the ethical production of strategic metals. Firering plan to use the funds raised to continue exploration on its principal Atex Projec and establish a pilot plant with the aim of becoming a significant producer of strategic minerals sourced in a non-conflict region.
PKF acted as reporting accountant on the transaction and the Capital Markets team included Dominic Roberts, Adam Humphreys and Lauren Haslam.
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