Druces’ Capital Markets team has advised SI Capital Limited (“SI”), in connection with Castillo Copper Limited’s (“Castillo”) admission to the standard segment of the Official List of the Financial Conduct Authority and to trading on the main market for listed securities of the London Stock Exchange plc under the TIDM ‘CCZ’. Castillo is a base metal explorer primarily focused on copper across Australia and Zambia.
SI arranged the placing of 79,117,618 new Ordinary Shares at a price of 1.7 pence each, capitalising Castillo at £17.16 million and raising gross cash proceeds of £1,345,000.
Castillo is dual listed on the Australian Stock Exchange. The dual listing will support Castillo’s aim to transform the business into a mid-tier copper producer.
For further information on Castillo Copper Limited’s placing and admission, please click here.