- Press Releases
- Media Coverage
- Events
- News Room
- Press Materials
KAZAKHSTAN-COMPANY-IPO-PLANS
Sunkar wants to raise $67 ml in AIM IPO
London, July 3 2008
Sunkar Resources, UK registered company, with phosphate fertiliser assets in Kazakhstan, plans to raise ?33.6 ml ($ 67 ml) in an IPO on the AIM of the London Stock Exchange, the company announced.
Canaccord Adams Limited and GMP Securities Europe LLP are mandated to arrange the IPO.
Sunkar has a 90% interest in Temir Service LLP, a limited liability partnership established under the laws of Kazakhstan, which is the main country of Sunkar operations. Temir Service LLP holds the subsoil use contract with the Ministry of Energy and Mineral Resources in Kazakhstan, for the production of phosphorite ore on the Chilisai Deposit.
The Chilisai phosphate deposit is one of the largest known deposits in the FSU. The CPR set out in the admission document indicates that the resources are sufficient for a 56 year mine life at the rate of 10 ml tons of ore mined per year.