Caerus Mineral Resources, the European-focused exploration and development company targeting mineral resources to supply the global Clean Energy Transition, has announced its admission to the Main Market of the London Stock Exchange under the Standard Segment of the Official List and will begin trading under the ticker ‘LSE:CMRS’.
The company completed a placing of 21 million new Ordinary shares at 10p and further Subscription Agreements for an aggregate 1.5 million new Ordinary Shares (Subscription Shares) at 10p to raise a cumulative £2.25 million (before expenses). At listing, the total number of shares will be 22.5 million.
Novum Capital Limited acted as sole Placing agents and broker.
Martyn Churchouse, Chief Executive Officer, said:
“We are delighted to begin trading on the Main Market of the London Stock Exchange today. Caerus has developed a well-balanced portfolio of copper-gold licences, and today’s listing and fundraising provide us with the capital and opportunity to fast-track the generation of Mineral Resources, strengthen shareholder value and create near-term cash flow.
“We have an established presence in Cyprus, allowing us to start exploration without any of the usual ‘start-up’ delays. We firmly believe that our focus on copper is timely, and the company will benefit from the growing Clean Energy Transition and long-term forecasts for the demand and price of copper as a commodity.”
Read the article online at: https://www.globalminingreview.com/mining/19032021/london-stock-exchange-admits-caerus-mineral-resources/