Bellzone Mining set for AIM IPO

Bellzone Mining said yesterday it expects to join London’s AIM on 31 March raising cash to develop its iron projects. The iron ore miner is raising $100m (£65m) and said it expected its market capitalisation to be between £265m and £400m, depending on the pricing of its shares. It would be the largest IPO on AIM this year. Bellzone is developing the Kalia deposit in Guinea. Canaccord Adams is acting as Bellzone’s adviser and joint broker while Renaissance Capital is acting as joint broker.