PKF supports acquisition and admission to AIM
We are pleased to have supported Oscillate plc (to be renamed Serval Resources plc) on its acquisition of Kalahari Copper Limited and its admission to trading on AIM.
Oscillate plc has 33,714,184 ordinary shares of 0.5 pence each admitted to trading on AIM. The Company raised approximately £2.96 million on admission at an issue price of 22.5 pence per share, resulting in market capitalisation of approximately £7.6 million.
Oscillate plc is focused on building a diversified portfolio of high‑quality copper exploration and development assets in Namibia and Botswana, together with the continued evaluation of the Duékoué project in Côte d’Ivoire. The funds raised will be used to advance the Company’s exploration programmes and support the continued development of its asset base.
“This is a landmark event for the Company as the AIM market will provide the foundation from which to grow the business. Our priority now is to put the funds raised to good use by advancing our exciting copper exploration targets in Namibia and Botswana, as well as the continued evaluation of the Duékoué project in Côte d’Ivoire.”
Robin Birchall, CEO of Oscillate plc
The PKF Littlejohn team advising on the transaction comprised Joseph Baulf, John Paolo Dula, Gareth Evans, Kate Thompson and William Hurst.
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