Just one month after opening its London offices, Adams & Remers has advised nominated adviser and broker ZAI Corporate Finance Limited on the flotation of Paragon Diamonds Limited on the AIM Market of the London Stock Exchange and its placing of new ordinary shares with institutional and private investors. The placing raised approximately £4 million.
Paragon Diamonds Limited is a recently established company and will be the holding company of a mineral exploration and development group, with an initial focus on diamond opportunities in Sierra Leone and Tanzania including the operation of the Konoma mine in Kono, Sierra Leone
The Adams & Remers team was led by Corporate Partner Stuart Robertson, assisted by corporate lawyer Anna Lewis-Martinez.
Stuart Robertson, who recently opened Adams & Remers new London office and who has over 11 years experience in acting for AIM companies, nominated advisers and brokers commented “It was very pleasing to have concluded this flotation so soon after the opening of Adams & Remers new London office. We were delighted that ZAI asked us to represent them on this transaction and we hope that this is a positive sign that interest in the AIM market is continuing to improve”.