Praetorian Resources lists on Aim

Natural resources investment company Praetorian Resources today lists on Aim with an initial market capitalisation of £24m. Established by Richard Lockwood and Malcolm Burne, the geographically unconstrained portfolio will invest in equities and debt securities in the precious and base metals, energy, industrial minerals, soft commodities, diamonds and other gemstones sectors. Of the initial market cap, the company has raised £10m through a placing, with £14m from leading institutional investors.