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05 Mar, 2021 17:08

Caerus Mineral Resources joins London IPO flurry

ep actividad minera de berkeley
miningBERKELEY

Caerus Mineral Resources revealed on Friday its plans to go public on the London Stock Exchange.

It was just the latest company to join a flurry of initial public offerings on the LSE which had enjoyed a strong start to 2021.

Caerus Mineral Resources intends to list on the LSE's Main Market.

It is a London-based exploration and resource development company focused on developing mineral resources in Europe to supply the global 'Clean Energy' drive.

Also on Friday, management disclosed the acquisition of New Cyprus Copper, which it said gave it access to a suite of copper and gold exploration licenses on the Mediterranean island.

The company completed a fundraising through Novum Securities Ltd via a placing of 21.0m shares at 10p each, raising £2.1m.

It also entered into two subscription agreements for a total of 1.5m shares to raise £150,000.

"We are pleased to announce our intention to list on the London Stock Exchange. Caerus will provide the market with access to the re-emergence of Cyprus as a key producer of copper and a contributor towards the growing Clean Energy-based Economy," said Chief Executive Martyn Churchouse.

The announcement came shortly after takeaway delivery company Deliveroo on Thursday confirmed it had picked London for a potential listing. It also follows, Parsley Box, Moonpig Group and Dr Martens plans to go public.


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Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author or publisher.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.