OREANDA-NEWS. PrimaryBid, a leading online funding platform that enables investors to gain access to placings of AIM-listed companies, is pleased to announce another successful fundraising of £60,000 sourced through its proprietary funding platform for ECR Minerals plc.

This contribution from PrimaryBid forms part of a larger fundraising of £350,000 for ECR Minerals plc through its broker, Vicarage Capital Ltd.

Commenting on today's announcement, Dave Mutton, COO, PrimaryBid said:

"Once again PrimaryBid has delivered a transaction in collaboration with the AIM company's broker, demonstrating the impact our platform can have in adding incremental capital to a traditional book build process. We are glad that PrimaryBid is able to provide companies with immediate access to the capital markets, especially in this period of increased uncertainty." 

About PrimaryBid - "AIM shares on your terms"

PrimaryBid is a leading online funding platform that enables investors to gain access to placings, fund raisings and IPOs of AIM-listed companies. The platform is open to all investors and is supported by the broking community as a way of accessing, on behalf of their AIM clients seeking capital, the large and active private investor market, as well as institutions.

Unlike typical equity crowdfunding opportunities which focus on high risk unlisted companies, PrimaryBid allows private investors to bid for participation in future fund raising exercises for listed equities in a way that regulation and market structure has made difficult in the past. As private investors account for over 60% of secondary investments on AIM*, there is a clear need for the PrimaryBid platform. 

PrimaryBid is backed by private and strategic investors and brokers including Shore Capital, finnCap and Arden Partners.

The platform formally launched in March 2016 after operating in a Beta format since March 2015 and has raised c£2.5m on behalf of AIM listed companies to date.

The listing of a company on the PrimaryBid platform is not an indication that any fundraising is likely or imminent and all bids by investors are speculative. 

PrimaryBid Limited is an appointed representative of Darwin Strategic Ltd which is authorised and regulated by the FCA. 

*Source: Aim Advisers