Smithfield’s Corporate Team led by Nick Foster advised Highlands Natural Resources on its admission to trading on the standard listing segment of the Official List of the London Stock Exchange.
The Company raised £1,000,000 by way of Placing 19,000,000 ordinary shares.
Highlands CEO Robert Price is a seasoned Oil and Gas professional and former President of Palomar Natural Resources who is looking to lead Highlands to acquisitions of distressed assets in the Oil and Gas sector. Robert said: “The current oil and gas environment presents an excellent market opportunity to acquire high quality assets from distressed companies.”
Nick Foster said “ The standard listing segment of the Official List is a fantastic springboard for high growth companies. The reassurance of the UKLA as regulator combined with greater flexibility in the applicable corporate governance provisions means a relatively inexpensive but robust method of accessing the equity markets.”