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Alternative Investment Market (AIM)
AIM, the alternative investment market of the London Stock Exchange, is the world's leading market for smaller, growing companies. Although the largest sector represented on AIM by market capitalization is natural resources, the principles are the same for any industrial sector. Stikeman Elliott are currently engaged in a number of AIM listing projects in the technology, financial, gaming and salvage sectors.

Lawyers in Stikeman Elliott's offices have been particularly active on a range of AIM listings including dual listings for Canadian companies such as Adastra Minerals as well as international transactions out of Africa. Jeffrey Keey, Jonathan Deverill and Derek Linfield of our London office are highly experienced senior lawyers with extensive experience in AIM listings and UK securities issues.

Stikeman Elliott represents both corporations in Canada and London wishing to list on the Toronto or London markets (or both) as well as brokers, dealers, nominated advisors and underwriters in both markets.

Representative Transactions

  • Adastra Minerals (formerly known as America Mineral Fields) (Symbol: AAA), listing on AIM and raising approximately US$20m in a concurrent offering of shares pursuant to a Canadian prospectus and a subsequent Cdn$10m financing as well as assisting in the defense of a hostile bid for the company. (Congo/Angola)

  • Thistle Mining Inc. (Symbol: TMG), secured convertible loan note financing of US$24m for a TSX/AIM listed company (with concurrent listing of the notes on AIM and the TSX) and subsequent common share and warrant financing of Cdn$44.7 and a listing of the warrants on AIM. (South Africa/Philippines)

  • Bema Gold Corporation (Symbol: BAU), fast-track listing on AIM of a TSX listed company. (Russia/South Africa/Chile)

  • Fun Technologies Inc. (formerly CES Software Limited) (Symbol: FUN) financing of £3.7m for AIM listed company and subsequent financing of Cdn$10.3m in connection with its listing on the TSX. (Canada)

  • Sandvine Corporation (Symbol: SAND), fundraising of £25.14m in connection with AIM listing. (Canada)

  • Redline Communications, Inc. (Symbol: REDL), fundraising of £13m with concurrent AIM listing. (Canada)

  • Yamana Gold Inc. (Symbol: YAU), fast-track listing on AIM of a TSX listed company. (Brazil)

 

Recent Group Activities

AIM Forecast 2008
Stikeman Elliott's Jeffrey Keey is quoted in the AIM Forecast 2008 article in Corporate UK's February 2008 edition.

AIM practice featured in Corporate UK
London principal Jeffrey Keey is featured in a Corporate UK magazine article "Canada and AIM: a growing bond" discussing the increase in Canadian companies listing on AIM in the last several years.


 
Related Practices
Representative Work
Contacts
Key Contacts

Montréal:
Steeve Robitaille

Toronto:
Philip Henderson
Martin Langlois

Calgary:
Stuart Olley

Vancouver:
Neville McClure

London:
Derek Linfield

Related Publications