Beowulf raises £6.4m

PrimaryBid was pleased to support Beowulf (AIM: BEM), the mineral exploration and development company, during its latest capital raise.

The Company raised approximately £6.4 million through a simultaneous rights issue in Sweden and a PrimaryBid Offer in the UK that was open to both new and existing UK retail investors.The offer was available through PrimaryBid’s app and via orders placed from its network of platform and broker distribution partners.

The PrimaryBid Offer was open from the 9th to the 23rd of February 2023.

“We were delighted to include our UK retail shareholders in the latest capital raise. PrimaryBid's platform allowed us to offer shares to new and existing shareholders alike” said Kurt Richard Budge, CEO of Beowulf.

This is the 50th deal that PrimaryBid has done in the natural resources sector.

This UK deal was only available to investors in the UK.