JOHANNESBURG (miningweekly.com) – AfriTin Mining on Thursday started trading on the Aim.
The company, which was demerged from Aim-listed Bushveld Minerals, owns various tin assets in Namibia and South Africa.
“I’m pleased to announce our admission to the Aim market of the LSE today. Following the successful transformation of Bushveld from an explorer to a producer, the demerger allows AfriTin to become the only pure play tin company listed on Aim,” commented AfriTin CEO Anthony Viljoen.
“With this milestone, we have fulfilled our promise to shareholders to develop the necessary critical mass for a standalone tin company with a near-term production profile and a perfect opportunity to grow into an African tin champion. This is the culmination of significant work done over the years,” added Bushveld CEO Fortune Mojapelo.
Bushveld now owns about 52-million AfriTin shares, representing 17.48% of AfriTin’s issued share capital.
A further 24.39% of AfriTin’s issued shares have been distributed to the Bushveld shareholders.