Business
Admission to Trading and First Day of Dealings
Admission to Trading and First Day of Dealings.
About this update from Mila Resources Plc
[{"type":"text","content":"\n \nRNS Number : 9457L Mila Resources PLC 07 October 2016 \n\nMila Resources Plc / Index: LSE / Epic: MILA / Sector: Natural Resources\n7 October 2016\nMila Resources Plc\n(\"Mila Resources\" or \"the Company\")\nAdmission to Trading and First Day of Dealings\n \nMila Resources, a natural resources sector focused company, is pleased to announce the admission of its entire issued share capital to trading on the Official List of the London Stock Exchange. This follows the Placing of 21,000,000 Ordinary Shares (the \"Ordinary Shares\") at a price of £0.05 per share to raise £1,050,000 (before costs), giving the Company a market capitalisation of approximately £1.16 million on Admission (the \"Admission\"). Dealing will commence at 8.00 a.m. under the TIDM code \"MILA\" (ISIN: GB00BD4FCK53). \n \nOverview\n \n· Mila Resources is aiming to capitalise on the current economic environment to acquire projects in the natural resources sector, which the Board believes have significant innate value that can be unlocked with minimal capital injection \n \n· Board and Advisory Committee have a proven track record and extensive collective experience in the natural resources sector, particularly in asset evaluation, mine development and financing and creating shareholder value. Their experience within major mining and finance houses as well as junior mining companies, provides an ideal blend of knowledge and expertise with which to implement the Company's business model\n \n· Successfully raised £1.05 million to advance strategy by facilitating the identification, acquisition and development of an initial acquisition and associated technical work \n \n· Defined strategy focused primarily on identifying opportunities to earn-in to majority, operational equity positions in exploration/pre-production projects, which fall into the funding gap between explorer and development investor \n \n· The Company's objective is to create value through a stringent evaluation process, avoiding large buy-in costs to preserve capital for operational programmes, with a view to crystallising value of acquisitions and sustaining projects through the development cycle\n \nGeorge Donne, Mila Resources' Executive Dir...