Guernsey-based mining and energy hopeful Bramlin hopes to raise £3 million on AIM to back projects around the world.

Beaumont Cornish is nominated adviser and broker to Bramlin, which has a distinctly Australian flavour with Ballarat Investments holding 20.8 per cent. East Ballarat Football Club holds nearly five per cent in the company, chaired by Leslie Goodman with John Killer as chief executive.

The issue is to be priced at 10p a share and Bramlin says the proceeds will be used to invest in or acquire mining or exploration projects in metals, minerals, oil and gas in South America, Africa, Indonesia and south-east Asia. With equity stakes, the stated intention is to take holdings ranging from minorities to 100 per cent ownership.

It Iooks speculative.