Deal Alert: Golden Metal Resources Plc
PKF supports admission to AIM
We are delighted to have supported Golden Metal Resources Plc on its admission to trading on AIM.
Golden Metal Resources has raised gross proceeds of £1.98 million by way of a placing and subscription through the issue of 23,317,643 new ordinary shares of 1 pence each at a placing price of 8.5 pence per share, giving a market capitalisation of £7.16 million on admission.
Golden Metal Resources is a mineral exploration company focused on tungsten, gold, copper, silver and zinc within the US.
“The completion of our IPO comes at an important time when the demand for critical metals is only increasing, with Golden Metal well placed with a unique portfolio of exploration and development assets to support that demand.
We would like to thank all those at PKF for supporting us; their continued guidance has proved immensely valuable throughout the IPO process, and we look forward to working with PKF as Golden Metal starts its next chapter as a listed company on AIM.”
Oliver Friesen, CEO
Golden Metal Resources Plc
PKF acted as reporting accountant on the transaction and the Capital Markets team included Joseph Baulf, David Thompson and Ben Pringle.
Find out more about how our Capital Markets team can support you and your business here.