Michelmores Capital Markets team in AIM double-header success

Michelmores Capital Markets team in AIM double-header success

The Michelmores London Capital Markets team has advised on two separate transactions that have been announced over the last few days.

The team has advised the oil & gas team at Cantor Fitzgerald Europe as Nomad and broker to ASX-listed Range Resources (the Trinidad and Indonesia focused oil and gas exploration, development and production company) on its admission to trading on AIM following the acquisition of the Trinidad-based oilfield services business.

Additonally, the team has advised AIM quoted client Sula Iron & Gold plc (to be renamed Power Metal Resources plc) on its acquisition of a 70% interest in a cobalt and copper exploration licence situated in the Katanga region of the Democratic Republic of Congo and associated £1.75m placing and subscription.

The Michelmores team on each of the transactions was led by Capital Markets Partner, Ian Binnie, with assistance from Corporate Associate Edwin Richards and newly appointed Corporate Solicitor Rav Sagar.

Commenting on these latest AIM transactions for Michelmores, Ian Binnie said:

"We are delighted to have again supported long-standing client Cantor Fitzgerald Europe on the AIM admission of Range Resources and also for assisting existing AIM client Sula Iron & Gold in its transformational transaction.

The Michelmores London Capital Markets team has had an extremely busy year working with many of the most active Nomads and Brokers in the AIM market. This has resulted in an impressive credentials list that reflects our status as one of the key legal advisers in the London junior capital markets. 

Our pipeline is reassuringly strong and we look forward to continuing to build our capital markets profile and penetration as we move into 2018".