Recent Deal Flow
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SOVEREIGN METALS LIMITED
The Company will issue 3,571,428 Ordinary Shares of no par value at a price of £0.28 per Ordinary Share at completion of the Placement. The Placement will enhance the Company’s shareholder base on the AIM market with the net proceeds to be used for further exploration activities in 2022 at Sovereign’s globally significant Kasiya Rutile Project. Optiva acted as Lead Manager and Bookrunner.
Roquefort Investments
In November 2021, Optiva raised £3 million via the proposed issue of 30,000,000 new Ordinary Shares at a price of 10 pence per new Ordinary Share. The net proceeds will be used to fund the cash component of the consideration for the Acquisition of Lyramid Pty Limited, pre-clinical drug development and working capital.
The Lyramid pre-clinical programme, utilising oligonucleotide drugs, has the potential to deliver ground breaking advances in the treatment of several disease targets including COVID-19, cancer, autoimmune disorders and chronic inflammation. This can be achieved rapidly and at a significantly lower cost than historical traditional drug methods.
Prior to this in March 2021, Optiva raised £1M for ROQ through a placing of 20,000,000 shares at 5p per share. In August 2021, Optiva raised an additional £150 K for the Company from strategic investors.
BENS CREEK GROUP PLC
Optiva raised £2.5M out of a total £7M funds raised through the issue of 70M shares at IPO on 19 October 2021. The net funds will be utilised to finance the Group’s mining operations in order to restart mining production by the end of Q4 2021. The same month, Bens Creek entered into its first offtake agreement for its product with Integrity Coal Sales, Inc. New York. Bens Creek’s market cap is £53M as at 25 October 2021.
Bens Creek is led by a strong Board with a wealth of experience in coal mining operations and management and financial expertise.
EAST IMPERIAL PLC
In January 2022, Optiva raised gross proceeds of approximately £3.4 million (32,398,899 shares at 10.5 pence per share) to support East Imperial’s intentions to accelerate its expansion.
In August 2021, Optiva raised £36.63 M for East Imperial through an oversubscribed placing of 30 M shares. Optiva acted as Sole Broker to the Placing, at an issue price of 10 pence per share. The net proceeds will be used to support the Company’s continuing expansion including further development of its e-commerce platform and new product development.
East Imperial has a strong commitment to providing a sustainable product, minimising environmental impacts at every stage of the manufacturing process.
FIRERING STRATEGIC MINERALS PLC
Optiva raised gross proceeds of £4 M for Firering Strategic Minerals through the issue of 30,769,230 Placing Shares priced at 13p each, giving a market capitalisation of £11.3 million on the Company’s Admission to AIM on 12 November 2021. The funds raised will be used to continue exploration at their flagship Atex Project and establish a pilot plant.
Firering is led by a highly experienced board and technical management team.
Tirupati Graphite
As sole Broker and book runner, Optiva raised £10m in April 2021 to fast track Tirupati Graphite’s project development plans. Prior to that, in December 2020, Optiva raised £6m for Tirupati Graphite’s IPO. Earlier in the company history, Optiva raised a total of £3.3m in three tranches of pre-IPO placings. Tirupati Graphite plc is a fully integrated specialist graphite and graphene producer, with operations in Madagascar and India. It has the mission of being a key global player in Natural Flake Graphite Industry, mining, producing and developing high margin products for the fast growing electric vehicle and power storage sectors.
Eurasia Mining
Optiva raised £7.64 M in September 2020 for Eurasia Mining plc.
Eurasia is a palladium, platinum, rhodium, iridium and gold producing company, operating the established West Kytlim Mine in the Urals. The Company is also the operator of the Monchetundra Project comprising two predominantly palladium open pit deposits located 3km away from Severonickel, one of Norilsk Nickel’s largest base metals and PGM processing facilities.
Asiamet
Optiva raised £10m in February 2021 as sole broker and book runner to Asiamet Resources. Prior to that Optiva raised £6M in August 2017 with JP Morgan Asset Management being the cornerstone investor (£3M).
To date, Optiva has assisted Asiamet in raising excess of £20 M across multiple placings. Asiamet Resources is an emerging copper producer focused on the development of a portfolio of large copper, copper-gold and polymetallic deposits in Indonesia, adjacent to the key growth markets in Asia.
Advance Energy
Optiva raised £21m in April 2021 as joint broker to Advance Energy. The net proceeds of the placing will be used to fund the subscription by Advance Energy for equity in Carnarvon Petroleum Timor, which will be applied by Carnarvon to fund the drilling of the B-10 Appraisal Well. Prior to that, Optiva raised £3.5 M for acquisition and working capital.
Advance Energy plc (formerly Andalas Energy and Power) is an international upstream Oil and Gas company with a fresh approach. Their aim is to unlock hidden value in already discovered oil and gas assets.
Dekel Agri-Vision
In February 2021, Optiva raised £3.6 M as Joint Broker to Dekel Agri-Vision, bringing a total of funds raised for the company to over £14 M to date.
The first raise was for £11.1 M for DekelOil in May 2016. This related to the acquisition of an approximate 30.5% stake in CS DekelOil Siva Limited, the Company’s majority owned joint venture in the producing palm oil project at Ayenouan.
United Oil and Gas
Broker – Standard List
Optiva have raised over £12 M in multiple placings, the latest of which was £4 M in February 2020. UOG is an independent oil & gas start-up, aiming to build a portfolio of high growth assets at all stages of the development cycle.
BRANDSHIELD
The company completed a reverse takeover of Two Shields Investments plc.
Predator Oil & Gas
Optiva raised £1.5 M in February 2020 for Predator Oil & Gas Holdings Plc (PRD).
Predator is a Jersey-based oil and gas company with operations in Trinidad, Morocco and Ireland. The Company has assembled its portfolio of assets with the aim of becoming a more responsible fossil fuel company, focussing on gas – which has lower CO2 emissions than oil – and on the sequestration of CO2 for enhanced oil recovery.
Upland
As Broker, Optiva has raised £12.5 M to date with the most recent raise in July 2020, to fund exploration and drill programmes across multiple prospects.
Uplands Resources targets upstream assets in the oil and gas sector to deliver strong returns to shareholders.
MelodyVR
Optiva raised £3.4 M for Melody for their £15 M takeover of Napster.
MelodyVR Holdings PLC (formerly EVR Holdings PLC) is a creator of virtual reality content. The company has successfully built a VR content library of over 500 globally-renowned artists as well as having secured a number of long-term partnerships, obtaining exclusive recording rights for the creation and distribution of VR content across a total of 58 worldwide event properties and music venues.
Tiziana Life Sciences
Optiva raised £500 K in September 2020 for Tiziana Life Sciences.
The company is developing innovative drugs for the treatment of Crohn’s Disease, COVID-19, Progressive Multiple Sclerosis (pro-MS) and Hepatocellular Carcinoma (HCC).
HARD ROCK
Broker – NASDAQ First North
Optiva Securities acted as broker for the IPO of Hard Rock China, which raised a total of $50m.
HRC World manages the various Hard Rock Cafés across China, and aims to become a leading restaurant and music entertainment operator in the region.