Cobbetts advises AIM readmission
The Birmingham office of law firm Cobbetts has advised on the readmission to AIM of Leyshon Resources, a mining investment company focused on China.
As part of its readmission, Leyshon, which is listed on the Australian stock exchange, placed 30.4m new ordinary shares at AUS$0.23 (14p), raising approximately AUS$7m (£4.3m) before expenses.
Leyshon has a market capitalisation of £45m.
Founded in 2003, Leyshon is an investing company specialising in Chinese mining projects with offices in Beijing, China, and West Perth, Australia.
Head of public markets Andrew Wright and partner Sefton Collett led the Cobbetts team that advised Leyshon on its readmission.
Wright said: “Leyshon has an excellent track record of sound investments in the mining sector – particularly in China. Its readmission to AIM allows the company time to select and negotiate further investments in China and Mongolia, whilst ensuring its shareholders benefit from its AIM listing."
