Trident Resources lists on Aim

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Trident Resources lists on Aim

Trident Resources PLC (LON:TRR) has listed on Aim.

The company will shortly change its name to Trident Royalties PLC, and will embark on a strategy of building a new, growth-focused mining royalty and streaming company.

The listing follows a placing that raised £16mln from the issue of 80mln shares at 20p.

Long-term, it’s intended that Trident’s royalty portfolio will mirror the global mining sector, with a bias towards production or near-production assets.

The company’s shareholder base includes leading institutional investors such as LIM Asia Special Situations Master fund, Regal Funds Management, Tribeca Investment Partners and Terra Capital Natural Resources Fund.

Proactiveinvestors.co.uk

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