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Halo Minerals PLC on Monday said it raised money via the placing of shares for its planned initial public offering on London’s AIM market. The London-based mineral development company, which is focused on the evaluation and potential development of mineral assets, said it raised £4 million via the placing of new shares to some institutional investors. Halo Minerals said it aims to take advantage of the AIM market’s broad investor base, liquidity and access to institutional and other investors. The company expects a market capitalisation of about £20 million and to start trading in London on March 30. The firm will have about 110.7 million shares on admission at an issue price of 18 pence per share. Chief Executive Officer Andrew Dennan said: ‘Admission to AIM represents a significant milestone for the company. The board believes that being publicly traded will enhance our visibility, broaden our shareholder base and provide a platform from which to pursue our long-term growth strategy.’ The company’s principal asset is the Playa Verde project, which comprises six mining concessions over an area of around 13.6 square kilometres of copper-bearing tailings in the Atacama region of northern Chile. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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