11/11/2009
Ogier London recently acted as Cayman adviser to London Mining plc on its admission to the AIM market of the London Stock Exchange. This noteworthy listing involved over 30 recognised investment institutions and raised in excess of £71 million. The Company is also listed on the Oslo Axess market of the Oslo Børs.
London Mining was founded in 2005 and is headquartered in London. The company is focused on identifying, developing and operating scaleable mines to become a mid-tier supplier to the global steel industry and the group currently has four principal iron ore projects in Sierra Leone, Saudi Arabia, Greenland and China.
The Ogier team lead by Simon Dinning (Managing Partner, London) and Sophie Gray (Managing Associate) assisted on the Cayman Islands elements of the group's structure and will continue to be an adviser to this listed entity going forward.
Commenting on the transaction, Simon Dinning said:
"We are delighted to have been involved in this high profile transaction. Commentators have picked up on the admission of London Mining as a significant and substantial admission to AIM and it is also noteworthy in terms of showing some confidence returning to the markets. We are currently seeing a number of public market enquiries and, with lawyers who have had significant equity capital markets experience onshore as well as offshore, we are well placed to assist."
