Druces LLP, the City-based business and private wealth law firm, has advised Alexander Mining PLC, the AIM listed company on its placing arranged by Cornhill Capital Limited to raise £500,000, which completed on 25 May 2016. In addition, Alexander Mining’s existing shareholders are being issued with bonus warrants as a way of potentially raising further funds over the coming months. The company will use the funds to help support the continued development of its proprietary mineral processing technology, and for general corporate purposes.
The Druces team was led by corporate finance partner David Smith.
Martin Rosser, Alexander Mining’s CEO, said “This was a highly important transaction for us, completed in a very short time, and we were pleased to be able to rely on David Smith and his team to help deliver a positive outcome.”
This news was posted on 25 May 2016.