Business
Admission to trading on the London Stock Exchange
Admission to trading on the London Stock Exchange.
About this update from Chesterfield Resources Plc
[{"type":"text","content":"\n \nRNS Number : 0055P Chesterfield Resources PLC 29 August 2017 \n\n29 August 2017\n \nCHESTERFIELD RESOURCES PLC\n(\"Chesterfield\" or the \"Company\") (TIDM: CHF)\n \nAdmission to the Official List and to trading on the London Stock Exchange\n \nChesterfield Resources plc, a special purpose acquisition company focused on opportunities in the mining sector, is pleased to announce the admission of its entire issued and to be issued ordinary share capital (the \"Ordinary Shares\") to the Standard Listed segment of the Official List of the UK Listing Authority and to trading on the Main Market of the London Stock Exchange (\"Admission\"). Admission will become effective and dealings in the Ordinary Shares will commence at 8:00am with the TIDM CHF.\n \nChristopher Hall, Non-Executive Chairman, said: \"I am pleased and greatly encouraged by the results of our placing in conjunction with the listing of Chesterfield. We raised more than our target and we hope to identify, negotiate and close a transaction speedily, leaving us with sufficient funds to add value before contemplating more significant development finance. Chesterfield has a very strong slate of significant shareholders with a track record of success and staying power. There are still plenty of opportunities for a company focused on value, cashflow and growth. I look forward to reporting progress with our first acquisition.\"\n \nHighlights\n \n· Admission of the Ordinary Shares to the Official List and to trading on the Main Market of the London Stock Exchange.\n· The Company has raised £1.3 million (approximately £1.15 million net of expenses) by way of a placing of new Ordinary Shares.\n· After payment of the expenses of the placing and Admission, the Company expects to have cash at bank of approximately £1.25 million. \n· Chesterfield is a special purpose acquisition company focused primarily on acquiring a company, business or asset in the exchange traded non-ferrous metals segment of the mining industry, within the European geographic region and valued at up to £20 million.\n· Board of director...