Trident Resources lists 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.