greenroc mining plc on thursday priced its initial public offering on londons junior aim at 10 pence a share and said that trading is expected to start on sept 28 the company which was created to buy the greenlandic mining assets of alba mineral resources plc confirmed that it will be raising 51 million pounds 69 million as part of its ipo it will be issuing a total of 1112 million shares at the placing price implying a market capitalization of gbp111 million greenrocs assets are the thule black sands ilmenite project the amitsoq graphite project the melville bay iron project and the inglefield multielement project alba will retain a 54 shareholding in the company upon admission