12th Nov 2015 15:18
LONDON (Alliance News) - Australian Securities Exchange-listed European Metals Holding Ltd Thursday said it is planning to list on AIM, expecting to be admitted December 10.
European Metals Holding is a lithium and tin exploration and development company with assets in Czech Republic. It will not raise any capital on admission, and expects to have a free-float of 23.75%. It expects its market capitalisation on admission to be around GBP7.5 million.
Rare Earth Minerals PLC, an AIM-listed stock chaired by David Lenigas, has a 11.87% equity interest in European Metals and is its largest shareholder.
Shares in Rare Earth Minerals were down 2.6% at 0.813 pence Thursday afternoon.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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