Blencowe completed £1,500,000 placing, a £500,000 subscription and acquisition of CARU. The transaction qualified as a reverse takeover, a new prospectus was required. Acted as RA and undertook the audit of CARU’s historical financial information.
Preparing a prospectus to acquire Consolidated African Resources (Uganda) Limited (CARU) by way of a reverse acquisition. CARU’s graphite exploration assets were in Uganda.
Challenge
Solution
Post-admission in May 2019, we continued to support Blencowe with its ongoing compliance requirements through the provision of statutory audit services, both fulfilling year end audits and with reviewing the half-yearly interim results.
Requirement to meet the ongoing compliance requirements of a
UK-listed entity.
Challenge
Solution
In May 2019, we acted as Reporting Accountant to Blencowe on its initial placing and admission to the Main Market of the London Stock Exchange.
Challenge
Solution
Preparing a prospectus for admission to the Standard List as a mining-focussed cash shell.
Case study: Blencowe Resources Plc
Company audit and Group consolidaion financial statements, and reviewing the unaudited interim financial information, enabling the Board the full year and half year annoucements compliance with the Listing Rules.
As a now enlarged group, Blencowe has to prepare and issue consolidated financial information as a Standard List issuer and comply with the Listing Rules as issued by the LSE.
Challenge
Solution
Services provided by our Mining and Energy team: IPO | RTO | Audit