Reverse takeover: Emmerson Plc
Crowe has advised Emmerson Plc (Emmerson) on its acquisition of Moroccan Salts Limited (MSL), £6 million placing and re-admission to the Standard List of the Main Market of the London Stock Exchange on 4 June 2018.
MSL is the beneficial owner of 100% of the Khemisset Potash Project (Khemisset) located in northern Morocco. Khemisset is a development stage potash project with a significant inferred JORC resource. Khemisset comprises one mining licence and 39 research permits in the Rabat/Sale/Zemmour region of Morocco, which are held by MSL's Moroccan incorporated subsidiaries, MSL Minerals SARL and Mine de Centre SARL.
Crowe's role and team
Crowe acted as reporting accountant on the transaction, with Corporate Finance Partner Paul Blythe leading the Capital Markets team, assisted by George Lawford.
Client quote
"We were extremely happy with the work performed by the Capital Markets Team at Crowe. We have worked with the team on previous transactions and would have no hesitation in recommending them."
Ed McDermott, Director, Emmerson plc
