10th Dec 2015 10:17
LONDON (Alliance News) - Lithium exploration and development company European Metals Holdings Ltd was admitted to AIM Thursday.
The company did not raise any capital on admission, and has a market capitalisation of around GBP7.5 million. It is also listed on the Australian Securities Exchange. The company issued 87.1 million shares. Shares in European Metals were trading at 10.5 pence Thursday morning.
European Metals' wholly-owned subsidiary Geomet SRO owns mineral exploration licences for the Cinovec Project in the north of the Czech Republic.
"We are delighted to announce today that we have successfully completed the Company's admission to AIM. Being admitted to AIM will provide us with greater flexibility to continue our growth in the future and will enable the Company to access a wider investor base. European-based investors have shown increasing interest in both lithium and the Cinovec project," said Managing Director Keith Coughlan in a statement.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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