Hamlins AIM team supports Egdon Resources placing

Hamlins’ corporate team reinforced their profile in the junior oil & gas sector of AIM when they advised Cantor Fitzgerald Europe, as nominated adviser and broker, on the £3 million institutional placing for AIM-quoted Egdon Resources. Formed in 1997 and listed on AIM in 2004, Egdon Resources is a UK-based exploration and production company with a primary focus on onshore exploration and production in the hydrocarbon-producing basins of UK and France.

Corporate partner Ian Binnie, who heads the energy & natural resources focus at Hamlins, has a long-standing relationship with the Cantor Fitzgerald team and acted in the 2008 demerger of Edgon’s gas storage business. Ian commented “We are delighted to support the fundraising by Cantor Fitzgerald for its long-standing client Egdon Resources plc. Institutional investors are showing renewed confidence in AIM stocks and our impressive pipeline of new issues reflects this sentiment’.