Secondary Capital Raisings

SECONDARY CAPITAL RAISINGS

We have worked with national and international companies to successfully formulate, execute and advise on many secondary debt and equity raising strategies including the following:

  • Armour Energy Limited ASX:AJQ A$19 million project debt financing
  • Avalon Minerals Limited on its non-renounable, pro-rata underwritten rights issue
  • Black Oak Minerals Limited:
    • A$62 million raising, comprising A$25 million forward gold purchase agreement, A$35 million credit facility and A$2 million equity investment (involving concertible warrants)
    • A$1.5 million share purchase plan
  • Chesser Resources Limited ASX/CHZ A$7.3 million capital raising, comprising A$2.46 million placement (oversubscribed) and A$4.84 million underwritten, pro-rata renounceable entitlement offer
  • Discovery Metals Limited Rights ASX/DML:
    • Issue and placement raising A$142 million across 13 jurisdictions
    • Debt project financing of US$205 million, including the negotiation and execution of complex copper and silver hedge agreements
    • A$50 million underwritten institutional secondary capital raising by way of an institutional bookbuild
    • Successful US$159 million debt re-profiling
  • MinQuest Limited placement to exempt investors and convertible note issue
  • Sayona Mining Limited ASX/SYA:
    • A$2.57 million fully underwritten rights issue
    • A$7.1 million underwritten placement and accelerated rights issue
  • Tritium on its A$30 million capital raising for European and United States expansion
  • Vitrinite in relation to the A$50 million investment in Vitrinite Pty Ltd by a US-based investor