Brief: Mayan Energy Secures £750,000 on PrimaryBid

PrimaryBid, an online platform that provides private investors the opportunity to create their own placings on their own terms, announced on Friday that oil and gas energy company Mayan Energy Limited (AIM: MYN) has raised  £750,000 and has been dubbed the largest fundraising since its portal went live in 2015.

Money Pounds UKThe funding portal stated it has sourced over £3.7 million for AIM companies since it went live and users are actively “watching” 50% of all AIM companies and more than 80 different AIM companies have received live bids totaling more than £50 million worth of potential equity value. Dave Mutton, COO of PrimaryBid, revealed:

“We are delighted to have completed our largest fundraising to date, raising a further £750,000 for Mayan Energy, building on the £100,000 raised in September this year. Our ability to source untapped pools of equity for AIM companies continues to be attractive to both issuers and brokers, broadening access to primary share placings for investors..”

Mutton went on to add:

“Our strong momentum in 2016, having successfully completed 12 transactions, proves PrimaryBid is having a real impact on the funding strategies of AIM companies and democratising the traditional bookbuilding process associated with fundraising.”

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