London Mining starts trading on AIM

Nov 06, 2009

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London Mining. which has iron ore projects in Saudi Arabia, Greenland, Sierra Leone and Mexico, plus coal projects in South Africa and Colombia, has started trading on AIM this morning after it completed a placing of existing shares.

The company said 37.2m existing shares have been placed at 192.4p each with over 30 recognised institutions.

Liberum Capital is nominated adviser and joint broker along with GMP Securities Europe as joint broker.

The group is also listed on the Oslo Axess market of the Oslo Børs but said it will review the status of the Oslo Axess listing after an 'appropriate period of time'.

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