Blencowe Resources plc (Blencowe) has been formed to acquire an exploration and/or production company in the natural resources sector in South East Asia, Africa, and the Middle East. The target acquisition will have a minimum net present value of £5 million up to £100 million.
Crowe has advised Blencowe on the placing and admission to the standard segment of the Main Market of the London Stock Exchange.
Crowe acted as reporting accountant on the transaction, with corporate finance partner Paul Blythe leading the capital markets team, assisted by Chris Archer.
"Blencowe is on the start of its journey and we appreciated the guidance and support offered by the Capital Markets Team at Crowe. We look forward to working with them going forward as we continue our journey."
Sam Quinn, Non-Executive Director, Blencowe Resources plc