On April 12, 2007, Minera IRL Limited announced that, following a successful placing, trading in the Minera's shares commenced on the AIM Market of the London Stock Exchange under the symbol MIRL. The placing raised £11.4 million before expenses, giving Minera a market capitalisation on Admission of £27.8 million. The funds raised were intended to be used principally to fund the construction of the proposed gold mine at Corihuarmi, Peru, advance the pre-feasibility and feasibility studies of the Jaguelito Project and carry out further exploration on the Ollachea Project as well as the progression of its other exploration projects. Minera is an emerging South American precious metals mining company with assets in the Andean cordillera of South America. Al Gourley, Mark Camilleri and Dimitri Cavvadas advised Minera in both the placing and the AIM listing.