Fox Marble set to list on Aim

 
Michael Bow
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THE ALTERNATIVE Investment Market is set to list its first known Kosovan marble miner after quarrying firm Fox Marble Holdings today announced the completion of a £9.65m fundraising round.

Fox, which quarries marble in Kosovo, said it had completed the fundraising of £6.59m of ordinary shares and £3.06m of convertible loan notes and is set to start ordinary share dealing this Friday.

It is the first known company with operations centred in Kosovo to achieve an Aim listing.

Chief executive Christopher Gilbert said: “With the proceeds from the fund raising we can turn Fox Marble into a world leader in marble.”

The money will spent on a processing plant and new equipment.