Iofina [SEP] inception
Iofina
Iofina plc is the British holding company of a group of companies involved in the exploration and production of iodine and natural gas which have been discovered on acreages which the Group holds. The presence of both iodine and natural gas allows the Group to generate dual revenue streams over a single cost structure. The Group’s proprietary Wellhead Extraction Technology® (WET®) method is designed to allow low cost production metrics and high operational efficiencies.
History.
Iofina was incorporated on 15 March 2005 in the UK and registered
in England and Wales. In January 2006 the Group acquired the entire issued share capital of Iofina Inc. and its wholly owned subsidiary Iofina Natural Gas Inc., each of which is a Colorado corporation, with the objective of becoming a low cost producer of iodine and natural gas.
Iofina Chemical Inc., a Colorado corporation, was created as the specialty chemical division of Iofina Inc. in May 2006.
The Group successfully completed its IPO and was admitted for trading on 9 May 2008 on the London Stock Exchange AIM market.