30th Oct 2026 13:09
Axies Ventures PLC - copper and gold explorer in Cyprus and Canada - Plans to join AIM on Wednesday next week through an initial public offering priced at 10.50 pence per share, which will value the company at GBP9.4 million. Axies expects to raise GBP1.3 million in the IPO. Following admission, 56% of shares will remain outside public hands, with Holding365 Ltd, controlled by Executive Director Mike Whitlow, retaining a 28.08% stake. AIM-listed Jangada Mines PLC holds a 4.4% stake in Axies.
Axies holds exploration permits covering 36 square kilometres in Cyprus and mineral claims spanning 43 square kilometres across four properties in Ontario, Canada. Cyprus is its main operating focus.
By Niall Holden, Alliance News reporter
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Jangada Mines