Mining, Minerals & Metals PLC (LON:MMM) has begun its first day of trading on the standard listing segment of London’s main market.
The company is aiming to make acquire one or more businesses that have operations in natural resource exploration that it will then look to develop and expand.
MMM said it was particularly searching for opportunities in the mining and oil and gas segments of the sector.
“Together, the directors have many years' experience conducting corporate acquisitions and capital markets transactions across the natural resources sector, with particular emphasis on mining and Oil and Gas. They have established a network of contacts internationally within the sector and will utilise independent third parties to provide expert advice where necessary”, the company said.
The company’s 31.8mln shares were trading at 3.5p in early deals on Friday.