Metminco will also aim to complete a capital raising associated with the AIM Listing of £12m via the issue of 103,795,569 Placing Shares and US $4m in convertible loans.
Metminco has a 37.8% holding in Hampton Mining Limited. Hampton has exploration projects located in Chile and Peru, mainly focused on copper, with significant exposure to gold, molybdenum and zinc. The projects range from mine pre-feasibility, through advanced exploration to grassroots exploration.
Nominated adviser for the AIM listing is Daniel Stewart & Company plc.
Disclosure: The author holds no positions in the company