International law firm Berwin Leighton Paisner (BLP) has advised TSX-v listed SDX Energy Inc. (SDX) on its admission to trading on AIM and private placement fundraising on AIM for a total of approx. US$11m. Admission became effective today. The proceeds of the placing will allow SDX to pursue its goal of doubling current production in Egypt and complete a 3D Seismic programme, also in Egypt.

In a landmark deal for the oil & gas sector, SDX's admission to AIM is the first IPO in the sector in London this year.

Alexander Keepin, Corporate Finance Partner and lead, commented: ''This is a strategically important transaction for SDX and a significant moment for the oil & gas sector in 2016 with its Admission to AIM and fundraising. SDX has exciting growth potential and ambitious short-term exploration and production strategies. This fundraising will be a substantial boost to its operations.''

Adam Dann, Head of Finance and Energy at BLP, added: ''In the year to date there have been only a few other significant fundraises by E&P companies on the London Markets with BLP advising on two of these, demonstrating that our team is at the forefront of activity in the sector.  BLP advised Pantheon Resources Plc on its $30m fundraising and advised Cenkos Securities and Macquarie Capital (Europe) on the GBP52.1 fundraising for Hurricane Energy."

The Corporate Finance team for SDX was led by Partner Alexander Keepin, and was assisted by Olga Shiryaeva, Tim Sumner, Caroline Stocks and Jessica Veitch. David Glennie and Jennifer Maxwell of Blake, Cassels & Graydon advised SDX on the Canadian aspects of the listing and fundraising.

Alexander Keepin and Olga Shiryaeva, with Adam Dann and Tim Sumner, also advised Pantheon Resources. Julian Stanier led the BLP team advising Cenkos and Macquarie on the Hurricane Energy deal.