Wedlake Bell jointly advised Allenby Capital in its role as the nominated adviser and joint broker to Pathfinder Minerals Plc (an AIM Rule 15 cash shell) (Company) and OAK Securities in its role as a joint broker to the Company, on the Company’s acquisition of the entire issued and to be issued share capital of Rome Resources Ltd (which acquisition constituted a reverse takeover under the AIM Rules) and associated placing.
Rome Resources Ltd is a Canada-based early-stage resource exploration company (previously listed on the TSX-V) and holds exploration rights in two projects in the Democratic Republic of Congo, offering exposure predominantly to tin as well as secondary exposure to copper, zinc, lead, and silver.
The Company has raised approximately £4.0 million (before expenses) pursuant to the placing, to provide funds for a drilling programme and working capital.
Wedlake Bell’s corporate team was led by Partner Mark Tasker and included Senior Associate David Duhig and Trainee Enea Aniaj.
For further details, please see the admission announcement: