10th May 2017
Hamlins advises on another AIM fundraising
Hamlins is delighted to announce that it has acted for Hybridan as Broker and new client Liberum Capital as nominated adviser on a £1.9 million fundraising for HaloSource Inc, the global clean water technology company traded on the London Stock Exchange’s AIM market.
HaloSource inc. has conditionally raised approximately £1.9 million through the issue of an aggregate of Shares to new and existing investors at the price of 1.5p per new share.
The net proceeds of the Fundraise will provide additional working capital to the Company and also be used to fund commercialisation of the Company’s lead removal technology and expansion of its drinking water business.
Hybridan, the well known small cap broker is a longstanding client of the firm. This is the first instruction for the firm from AIM Nomad Liberum Capital.
Head of Corporate Daniel Bellau led the Hamlins team, assisted by corporate associate Richard Pull.
Daniel Bellau commented “We were delighted to assist our longstanding client Hybridan with this fundraising and to further expand our broad client base of AIM advisers and brokers through acting for Liberum also.”
The Hamlins Corporate team which has an enviable reputation in the junior equity markets, regularly advises on IPOs, fundraisings and transactions on the Official List, AIM and NEX.