First Tin (LON:1SN) plans to join the standard list during April and it has launched an offer via Primary Bid that closes on 7 April ahead of the planned commencement of dealings on 8 April. There also plans for an ASX listing and a trading facility in Frankfurt.
The plan is to raise £20m - £18.1m after expenses – at 30p a share. This would value the company at £79.6m. Joint brokers are Arlington and WH Ireland.
First Tin is issuing 60 million shares to acquire Taronga Mines, which owns the Australian tin mining assets. It had previously acquired the German assets. That means that First Tin wi...
