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Oscillate PLC said on Wednesday it has raised £2.9 million for its proposed admission to the London Stock Exchange to trade on AIM, and announced a retail offer worth £300,000. Oscillate, a London-based investment issuer moving into the production of copper and base metals, also announced plans for a company name change. The company has conditionally completed the placing and subscription of over 13.0 million new shares, subject to a 50-for-1 share consolidation, at an issue price of 22.5p per fundraising share, raising £2.9 million. Its AIM admissions document has been published, and all shares will be withdrawn from the Aquis Growth Market when admitted. This is expected to occur on April 27. It said this is ‘in the best interests of the company and its shareholders and, given the growing scale of the business, is a more appropriate market for the company and will enable it to attract a wider pool of investors and improve liquidity over time.’ Oscillate will receive £2.0 million in net proceeds from the fundraise after commissions and AIM-listing-related costs are deducted. Oscillate furthermore announced a retail offer to raise up to £300,000, issuing up to 1.3 million shares, also at 22.5p each. The company also proposes changing its name to Serval Resources PLC in line with the AIM move. ‘Oscillate PLC through its Serval Resources brand is now primed for the next phase of the company’s evolution to deliver on its strategy to become a mid-cap copper and future-metals exploration and development group,’ CEO Robin Birchall said. In February, it announced its acquisition of Kalahari Copper, becoming a landholder in the Kaoko Basin in Namibia and the Kalahari Copper Belt in Botswana, subject to license renewal. The company says these copper belts are ‘under-explored in comparison to their prospectivity’. The acquisition comes after its 2025 joint venture and earn-in agreement with La Miniere de l’Elephant to fund the development of the Duekoue prospect, a copper-gold-molybdenum project in western Ivory Coast. A general meeting will be convened on April 24, at which the acquisition, fundraising, renaming, and admission will be subject to shareholder approval. Shares in the Aquis-listed company were untraded at 0.60p in London on Wednesday morning. They last sold for 0.69p on Tuesday. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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