Placing and admission to AIM.
Cornish Metals has announced its successful fundraising of £8.2 million (by way of a £8 million placing and £0.2 million subscription) and admission to trading on AIM.
Cornish Metals is a mineral exploration and development company focused on its mineral projects in Cornwall, United Kingdom. The proceeds of the fundraising will be used to conduct a drill programme at its United Downs copper-tin project. Cornish Metals expects to commence the drilling programme at United Downs in late March or early April 2021.
Crowe's role and team
Crowe acted as reporting accountant on the transaction, with corporate finance partner Paul Blythe leading the capital markets team.
Client quote
"The mining team at Crowe provided timely and pro-active advice to our team throughout the AIM admission process. We highly recommend them to other junior miners looking to IPO in London."
Richard Williams, Chief Executive Officer
