Deal alert: Trident Resources plc
Admission to AIM
Trident Resources Plc (to be renamed Trident Royalties Plc), is a growth-focused diversified mining royalty and streaming company listed on the AIM market of the London Stock Exchange. Trident is managed by an experienced team of mining finance professionals seeking to provide investors with exposure to a mix of base and precious metals, bulk materials (excluding thermal coal) and battery metals in resource-friendly jurisdictions.
The company’s admission to AIM follows a successful placing, raising gross proceeds of £16 million (approximately US$20 million) from the issue of 80,000,000 Ordinary Shares at a price of 20p per share.
PKF Littlejohn acted as reporting accountant on the transaction and the Capital Markets team included Mark Ling, Joseph Baulf and Lauren Haslam.
“We were very pleased with the work performed by the Capital Markets Team at PKF Littlejohn who were of great support to us throughout this transaction. We look forward to working with them again in the future.”
James Kelly, Non-Executive Chairman | Trident Resources plc
“Trident Royalties has a great team behind it and the quantum of the raise is the testament to them during these testing market conditions. We look forward to supporting them on future transactions.”
Mark Ling, Partner | PKF
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