Source - RNS
RNS Number : 6551I
PrimaryBid Limited
01 September 2016

1 September 2016




Mayan Energy Ltd (AIM: MYN) raises funds through PrimaryBid platform


PrimaryBid, a leading online funding platform that enables investors to gain access to placings of AIM-listed companies, is pleased to announce the latest successful fundraising of £100,000 sourced through its proprietary funding platform for Mayan Energy Ltd.


This contribution from PrimaryBid forms part of a larger fundraising of £500,000 for Mayan Energy Ltd. through its broker, Cornhill Capital.


Primary Bid has raised more than £2.6 million since the site went live in 2015 with demand continuing to grow on the platform. PrimaryBid users are actively "watching" 50% of all AIM companies and more than 80 different AIM companies have received live bids totaling more than £52 million worth of potential equity value.


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


"We are delighted to be able to assist Mayan Energy during this round of funding, which is the tenth deal PrimaryBid has completed since our formal launch in March 2016.  This is another transaction brought to us by a broker, choosing to tap into the incremental investor capital available through PrimaryBid's unique AIM crowdfunding platform."







Dave Mutton, COO

Tel: +44 (0)20 7491 6519



Vigo Communications


Jeremy Garcia / Ben Simons / Antonia Pollock

Tel: +44 (0)20 7830 9700


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 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


About Mayan Energy


Mayan Energy is an AIM listed energy company which invests in global opportunities across the oil and gas value chain, partnering with experienced and quality operators to rapidly deliver revenues. Focused on delivering revenues from upstream, midstream/services and downstream operations, it has a growing portfolio of interests in the prolific hydrocarbon regions of the US, Mexico and Indonesia with multiple value drivers in place, all of which have the potential to generate material and diversified revenue streams, regardless of the oil price environment.

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