13 Jul 2012
Lawrence Graham advises on AIM flotation of Praetorian Resources Ltd
International business law firm Lawrence Graham LLP has advised Praetorian Resources Limited (Praetorian) on its AIM market flotation this week.
Praetorian is a natural resource-focused investment company incorporated in Guernsey. It has raised £23.3 million in total – £9.3 million in cash and £14 million in stock swaps.
Lawrence Graham corporate partner Jeff Elway led on the transaction with assistance from corporate associate Kris Rogers.
Commenting on the AIM flotation, Jeff Elway said: "The Praetorian management team believes that the current economic conditions have created an opportune time to take advantage of depressed valuations in many natural resource stocks, to accumulate a portfolio.
"We are delighted to have acted for a management team who have a proven track record in this sector and look forward to working with them going forward to help them achieve the company's strategy."
Notes to editors:
- Lawrence Graham is ranked as the number one law firm by market cap of total AIM clients in the latest Morningstar Professional Services Rankings Guide (AIM Edition) – a position it has maintained since July 2008.