ZincOx to join AIM. (Mining Finance).(ZincOx Resources to join the Alternative Investment Market of the London Stock Exchange)(Brief Article)
Mining Journal, December, 2001
UK-based ZincOx Resources plc is set to join the Alternative Investment Market (AIM) of the London Stock Exchange, after raising 3.0 [pounds sterling] million (gross) through the placing of 2.5 million new shares at 1.20 [pounds sterling]/share. The company, which has interests in three properties in Canada and Yemen, has developed metallurgical processes specifically designed to treat oxide zinc ore, and is looking to increase its project portfolio over the next two years.
Speaking to Mining Journal last week, ZincOx's managing director, Andrew Woollett, said that a listing on AIM will provide the company with access to capital, and in particular access to institutional funds. He added that at this stage, a listing for ZincOx on AIM is preferable to inclusion...
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