Date Posted: 2008-04-28 09:33 New Issue: Iofina plc On Admission, Iofina will be the holding company of a group of companies involved in the exploration and production of both iodine and natural gas which has been discovered on acreages which the Group has acquired, or is currently acquiring, in the state of Montana, USA. The Company has named its discovery the Atlantis Prospect.
The natural gas co-exists with formation water containing abnormally high levels of dissolved iodide. Iodine is a rare mineral, which the US currently imports to meet growing domestic demand from pharmaceutical and industrial manufacturers. The leases held by the Group give it the right to explore, drill and produce both iodine and natural gas. The Directors believe that the dual revenue streams of iodine and gas, together with the relatively low cost extraction process, will create an attractive business model with substantial strategic value.
Listing exchange: AIM
Expected first day of trading: 2008-05-02
Expected money raised: TBC Any information, prospectus or other document, or any hypertext link to any of the aforesaid should not be construed as advice on investments or a personal recommendation by ALL IPO plc and is being offered on an execution-only basis. Any decision to invest should be made only after careful consideration of the relevant documentation and particularly after acceptance of the full terms and conditions relating to the specific investment opportunity. Share prices, values and income can go down as well as up and you may get back less than the amount you invested. If in doubt about the suitability of investments referred to in this communication and on our website, you should consult an investment adviser authorised under the Financial Services and Markets Act 2000. |
