Fladgate advises on New World AIM placing
Fladgate LLP has advised the broker, Shore Capital Stockbrokers Limited, and nominated advisor, Beaumont Cornish Ltd, on a secondary placing for New World Oil and Gas plc (New World), acquirers of interests in oil and gas assets. New World raised £3m via a placing of 50,000,000 ordinary shares.
Fladgate advised Shore Capital and Beaumont Cornish on New World’s admission to AIM in May of this year.
Corporate partner Grant Gordon led the Fladgate team. Commenting on the transaction Grant said: “We have seen continued deal activity in the AIM market especially within the resources and energy sector. Fladgate has advised on three deals in the sector, involving New World, PowerHouse Energy and Touchstone Gold, in the last month alone.”
The August 2011 edition of the Hemscott AIM Advisers Rankings Guide ranks Fladgate in a number of the sector tables as well as in the table for total AIM clients.
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