Africa-Press – Liberia. HAMAK Gold, a Liberian-UK partnership company that focuses on highly prospective gold licences, has begun trading on the London Stock Exchange raising 955,000 pounds ($1.3 million) as per its initial public offering.
On its official Twitter feed, the London Stock Exchange on Monday Welcomed HAMAK Gold Limited to listing on the standard segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange plc main market for listed security with its ordinary shares trading under the ticker symbol “HAMA”.
Hamak Gold’s Board and senior management, led by Executive Director, Nicholas Karl Smithson, and Executive Chairman, Amara Kamara, said the London Stock Exchange has extensive experience in the resources and mining sector in Africa.
Hamak Gold holds two highly prospective gold Mineral Exploration Licences (MELs) and also holds an option to acquire a further five MELs in Liberia, which is considered highly prospective for gold and is geologically similar to neighboring gold producing countries such as Guinea, Mali, Ivory Coast and Ghana.
With an experienced Board and excellent operational history in the region, Hamak Gold is well placed to implement its strategy to quickly, efficiently and safely explore its licenses to lead to early exploration success.
“Today’s Admission in London is a very exciting day for all of us at Hamak Gold, said Nicholas Karl Smithson, Executive Director of Hamak Gold
He said the funds raised on Admission will enable the company to deliver on its near-term exploration strategy to identify significant occurrences of the hard rock gold in the high priority area of the Nimba and Gozohn MELs.
“I would like to take this opportunity to thank the Hamak Gold team for all their hard work in the lead up to this successful admission to trading and extend a warm welcome to our new shareholders,” said Smithson.
The London Stock Exchange is the world’s most international stock exchange located at the heart of the world’s leading financial center in London, the United Kingdom.
As of November 2021, the total market value of all companies trading on the London Stock Exchange was £3.9 trillion. Its current premises are situated in Paternoster Square close to St. Paul’s Cathedral in the City of London and has been part of the London Stock Exchange Group (LSEG) since 2007.
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