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Alternative Investment Market (AIM)
AIM is the London Stock Exchange's international market for smaller growing companies and, since its launch in 1995, over 3,100 companies from around the world have joined it, raising over #65 billion in total. Whilst mining and oil & gas companies make up the largest sectors by market capitalization, companies from across the spectrum of business activity have made AIM their home.

Over the years, lawyers in Stikeman Elliott's offices have been involved in numerous IPOs, fundraisings and other transactions involving AIM, including 19 AIM/Toronto dual listings to date. Jeffrey Keey, Jonathan Deverill and Derek Linfield of our London office are highly experienced senior lawyers with significant expertise in AIM listings and UK securities issues.

The firm was named in 2007 by The Lawyer magazine as a Top 20 Advisor to companies listing on AIM. Some examples of our extensive experience in acting both for companies and nomad//brokers on financings and listings and our M&A experience in the AIM market are set out below. Our AIM practice is truly worldwide in scope and we have set out the countries where the AIM companies have assets or operations after each entry below.

Representative Transactions

  • Platmin Ltd. (PPN), C$45.5 million financing with AIM/TSX dual listing and three subsequent financings, as well as US$100 million convertible debenture financing and US$250 million equity fundraising in 2010 (South Africa).


  • Xcite Energy Limited (XEL), C$30 million financing with AIM/TSX-V dual listings, C$3.8 million private placement and C$38.4 million short for prospectus offering (UK).


  • Weatherly International PLC (WTI), US$33 million purchase of smelter business from the AIM listed company (Namibia).


  • African Minerals Limited (AMI), #80 million private placement (Sierra Leone).


  • Uranium Limited (UML), listing on the TSX for this AIM listed company and subsequent C$140 million acquisition of the company by Uranium Participation Corporation (Canada/France/US).


  • Nikanor plc (NKR), AIM listed company's merger with Katanga Mining Ltd. (combined market cap US$3.3 billion) (Congo).


  • Caza Oil &Gas, Inc. (CAZA), C$15 million financing with AIM/TSX dual listing and subsequent C$22 million private placement (US).


  • Sandvine Corporation (SAND), #25.14 million on financing in connection with AIM listing, subsequent C$40 million financing and listing on the TSX and further C$52 million financing (Canada).


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:
Peter Castiel

Toronto:
Philip J. Henderson
Martin Langlois

Calgary:
Keith Chatwin

Vancouver:
Neville J. McClure  

Ottawa:
Stuart C. McCormack

London:
Derek N. Linfield
Jeffrey Keey

Jonathan Deverill
 

New York:
Kenneth G. Ottenbreit  

Sydney:
Brian G. Hansen
Related Publications