FFW advises Amur Minerals Corporation and Pactolus Hungarian Property plc – Two placings and admissions to AIM
03 April 2006
FFW advises Amur Minerals Corporation and Pactolus Hungarian
Property plc – Two placings and admissions to AIM
Field Fisher Waterhouse has acted for two companies which have
completed fundraisings and been admitted to AIM during March.
Amur Minerals Corporation was established to locate, evaluate,
acquire, explore and develop mineral properties and projects,
primarily in the far east of the Russian Federation. The
Company was admitted to AIM with a market capitalisation of
approximately £30 million. The proceeds of the placing will
be used to further explore and evaluate a nickel-copper-PGM deposit
in the Amur province of Russia as well as investigating new
projects to add to the group's portfolio.
Pactolus Hungarian Property plc was formed to invest in the
Hungarian property market with an initial focus on the residential
freehold market in the more affluent districts of Budapest.
The group invests in high value freehold property in the heart of
Budapest which it renovates to a high standard and lets at an
attractive yield to tenants with good covenants. Pactolus
Hungarian Property plc raised £9 million by way of a placing and
was admitted to AIM with a market capitalisation of £12.3
million.
The FFW team on both transactions was led by corporate partner
Dominic Gurney-Champion and corporate assistant George Cotter.
Dominic Gurney-Champion said: “We are delighted to have advised
on both of these deals which take the total number of AIM floats
the firm has advised on this year up to 12 and demonstrates the
increasingly international nature of the AIM market.”
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Louise Eckersley, PR Executive, on +44 (0)20 7861 4120 or
Ben Girdlestone, Communications Manager, on +44 (0)20 7861
4968