First Quantum placing and AIM listing.(Alternative Investment Market)(Brief Article)
Mining Journal, December, 2000
Canaccord Capital (Europe) has been appointed by First Quantum Minerals Ltd of Vancouver to place up to 6.14 million common shares in First Quantum, at C$3.00/share, with European institutional investors. Canaccord will work on a `best efforts' basis to place as many shares as possible up to the maximum stipulated, and will also assist First Quantum in obtaining a listing for its common shares on London's Alternative Investment Market (AIM).
The first US$9.6 million of the net proceeds will be used to repay a loan advanced by Glencore International AG of Switzerland to allow First Quantum to fund its share of the purchase earlier this year of the Mufulira and Nkana copper mines on the Zambian copperbelt, and associated processing facilities (MJ, February 25, p....
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