RSM’s capital markets team has advised for the South African based, AfriTin Mining Limited, on its admission to the London Stock Exchange’s AIM market, following fundraising of £3.5m through placing and subscription.
Anthony Viljoen, Chief Executive Officer of AfriTin, said:
'I am delighted with our admission to the AIM market of AfriTIn, a tin focused South African mining company, which has resulted from a de-merger from Bushveld Minerals Limited.
‘The admission to AIM will help with the growth of this exciting business and I would like to thank the entire RSM corporate finance team for their incredibly thorough and professional work undertaken as reporting accountants on the transaction and on making the listing an overwhelming success.’
With admission completed AfriTin will hold a portfolio of tin assets in South Africa and also acquire an 85% stake in the Uis tin project in Namibia.
The RSM capital markets team, led by Paul Watts with support from Matt Cowie and John More, acted for AfriTin on the transaction.
Paul Watts, capital markets partner at RSM, said:
‘Having worked with Bushveld since their original AIM IPO in 2012, RSM is pleased to be reporting accountants for the successful de-merger of the tin business into AfriTin, which becomes the only pure play tin company listed on AIM at an exciting time for the tin market.’