DMH Stallard advises Optiva Securities as broker to Asiamet Resources in £10 million equity fundraising

05 Mar 2021

Nick Williams advised Optiva Securities Limited (Optiva) on its role as broker to Asiamet Resources Limited (Asiamet) in a £10 million equity fundraising which completed today (5 March) on the admission of the shares subscribed to trading on the AIM market operated by the London Stock Exchange (AIM).

The fundraising comprised a firm placing by Optiva of 395,454,545 new common shares of par value $0.01 each in Asiamet (Shares) to raise a gross amount of approximately £8.7 million, and a placing by way of an accelerated bookbuilding process for which Optiva was the sole bookrunner and under which 45,454,545 Shares were placed, raising gross proceeds of approximately £1.0 million. At the same time Asiamet arranged a subscription of 16,529,658 Shares to raise a gross amount of approximately £0.36 million. The Shares in each case were issued at a price of 2.2 pence per share.

AIM-listed Asiamet is an emerging copper producer focussed on the development of a portfolio of large copper, copper-gold and polymetallic deposits in Indonesia, adjacent to the key growth markets in Asia.

The net proceeds from the placing and subscription will be used for a number of purposes, including completing an engineering programme, commencing early stage detailed engineering and design works, securing project financing for the construction of a copper mine and drill testing a number of high probability copper targets.

Further reading

DMH Stallard heads to the Olympics in support of St Catherine’s Hospice!

Blog, News & PR
21/04/2021
Our staff are at it again! We're raising money for St Catherine's Hospice by walking, running, cycling and everything in between to cover 13,262km in 16 weeks
Read more Read

DMH Stallard advises Optiva Securities as broker to Tirupati Graphite in £10 million equity fundraising

News & PR
20/04/2021
Nick Williams advised Optiva Securities Limited on its role as broker in arranging an oversubscribed £10 million placing for Tirupati Graphite plc
Read more Read

New Debt Respite Scheme provides “breathing space” to some debtors

Blog, Legal Updates
20/04/2021
New Regulations require individuals with problem debt to seek advice from a dedicated adviser in order to apply for a moratorium
Read more Read

Keep the cash flowing

Blog
19/04/2021
Recent stats suggest cash flow has all but dried up for many businesses; Kelly Mills reflects on the multi-faceted management that might help
Read more Read
  • Brighton Office

    1 Jubilee Street

    Brighton

    East Sussex

    BN1 1GE

  • Gatwick Office

    Griffin House

    135 High Street

    Crawley

    West Sussex

    RH10 1DQ

  • Guildford Office

    Wonersh House

    The Guildway

    Old Portsmouth Road

    Guildford

    Surrey

    GU3 1LR

  • Horsham Office

    Ridgeland House

    15 Carfax

    Horsham

    West Sussex

    RH12 1DY

  • London Office

    6 New Street Square

    New Fetter Lane

    London

    EC4A 3BF

  • Get in touch