---
title: "Ajax raises £2.32 million as investor subscription fully subscribed ahead of Oslo listing"
publisher: "Share Talk"
author: "sharetalk"
published: "2026-10-22T11:28:40+00:00"
modified: "2026-10-22T11:28:40+00:00"
date: 2026-10-22
canonical: "https://www.share-talk.com/ajax-raises-2-32-million-as-investor-subscription-fully-subscribed-ahead-of-oslo-listing/"
category: "Mining"
categories: ["Mining"]
tags: ["Ajax", "Ajax Resources Plc", "Alagoas State", "Argentina", "BRAZIL", "COPPER", "Eureka", "Euronext Growth", "Euronext Growth Oslo", "Gold", "Ippolito Ingo Cattaneo", "Jujuy", "M.Sc.", "Mr. Elton L.S. Pereira", "Oslo", "Pereira Velho Exploração S.A.", "Pereira Velho Gold Project"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/10/2b15e948-152f-4a9e-9480-a939b36bc463.png?fit=1727%2C911&quality=80&ssl=1"
format: "news"
language: "en-GB"
---

# Ajax raises £2.32 million as investor subscription fully subscribed ahead of Oslo listing

**Published:** October 22, 2026
**Author:** sharetalk
**Categories:** Mining
**Tags:** Ajax, Ajax Resources Plc, Alagoas State, Argentina, BRAZIL, COPPER, Eureka, Euronext Growth, Euronext Growth Oslo, Gold, Ippolito Ingo Cattaneo, Jujuy, M.Sc., Mr. Elton L.S. Pereira, Oslo, Pereira Velho Exploração S.A., Pereira Velho Gold Project
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/10/2b15e948-152f-4a9e-9480-a939b36bc463.png?fit=1727%2C911&quality=80&ssl=1)

---

[Ajax Resources PLC (AQSE: AJAX)](https://www.share-talk.com/ajax-targets-e2-5m-raise-at-premium-ahead-of-euronext-growth-oslo-listing/) has confirmed that its private investor subscription has closed fully subscribed, bringing total gross proceeds from its latest fundraising to £2.32 million as the company prepares for admission to Euronext Growth Oslo.

The natural resources investment company announced that eligible private investors subscribed for all **2,656,000 shares available at NOK 1.00 each**, raising NOK 2.66 million, equivalent to approximately £211,000.

The successful subscription follows a larger fundraising involving **26,560,000 new ordinary shares**, bringing the combined financing to **29,216,000 shares and gross proceeds of approximately €2.75 million (£2.32 million)**.

The fundraising will support Ajax’s development strategy while broadening its shareholder base ahead of the proposed admission to the Norwegian market.

**Admission to Euronext Growth Oslo is expected on or around 26 October 2026**, subject to regulatory approvals and the company meeting the exchange’s remaining admission requirements.

A key condition requires Ajax shares to have an open market price on the Aquis Stock Exchange equivalent to at least **NOK 1.00 per share on 23 October 2026**.

The company has also applied for the newly issued shares to begin trading on the Aquis Growth Market, with admission similarly expected around 26 October.

Following completion, **Ajax will have 149,325,292 ordinary shares in issue**, each carrying one voting right, representing the company’s total voting rights.

The new shares will increase the company’s issued share capital, resulting in dilution for existing shareholders who did not participate in the fundraising.

**Chief Executive Ippolito Ingo Cattaneo** welcomed the fully subscribed private investor offering, highlighting demand from both private and institutional investors.

He said the financing would introduce a broader base of Nordic and international shareholders, supporting Ajax’s ambitions as it pursues a secondary trading presence in Norway.

**For investors, the completed £2.32 million fundraising represents an important financing milestone**, while the proposed Euronext Growth Oslo admission could improve the company’s visibility among Nordic investors and potentially increase share liquidity.

However, **the Oslo admission is not yet guaranteed**, with completion dependent on the required share price threshold, regulatory approvals and outstanding exchange requirements.

**Attention will now turn to the 23 October share price condition and anticipated 26 October admission**, as Ajax seeks to complete its Norwegian listing and expand access to international capital markets.

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**Original URL:** https://www.share-talk.com/ajax-raises-2-32-million-as-investor-subscription-fully-subscribed-ahead-of-oslo-listing/
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