Latin Resources (ASX:LRS) has appointed RFC Ambrian Limited as its sole financial advisor, nominated advisor and broker in relation to a proposed admission to London’s AIM market.
This was sparked by strong investor interest in a number of presentations made over the last six months in London.
RFC Ambrian is undertaking an assessment of the possibility of a dual listing on AIM which offers smaller companies the opportunity to raise capital in a regulated market.
The broker is a leading independent adviser on global natural resources that has successfully completed over 50 AIM listings for clients raising over £300 million (A$596.5 million).
RFC has a particular emphasis on the metals and mining as well as oil and gas sectors, with a proven track record of specialist advice across both sectors.
It also has an established track record of working with non-UK companies looking to access the London market combined with a strong understanding of both the Australian and UK regulatory environments for listed companies.
“The current poor market sentiment in Australia for junior exploration companies has led us to investigate an AIM listing to bring in some fresh investment as well as new shareholders into the company,” managing director Chris Gale said.
“The AIM market in London has long been a destination for Australian mining companies and has been extremely successful over the years in creating shareholder value.
“The added bonus for Latin Resources is that the local investor in London understands the nature of the mining business and the great opportunities that a country like Peru in South America brings to those companies that have the in country experience which Latin Resources has developed over the last six years.”
In March, Latin signed a memorandum of understanding with Minera Antares Perú S.A.C. (Antares), the Peruvian subsidiary of First Quantum Minerals (TSE:FM) to collaborate together exclusively for 12 months to discover mineral deposits worthy of further exploration and development.
This will be carried out over the 65,730 hectares of mining concessions in Southern Peru that are held by the company’s wholly-owned subsidiary Peruvian Latin Resources.
The company also raised $285,000 through a placement priced at $0.01 to sophisticated and professional investors.
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