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Northern Star Resources advised on $175m placement

ASX-listed Australian gold production company Northern Star Resources has been advised on its $175 million equity raising to part-fund its acquisition of an Alaskan gold mine.

September 10, 2018 • By Jerome Doraisamy
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Firm: Ashurst (Northern Star Resources Limited).

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Deal: Ashurst advised Northern Star on its placement to institutional investors, which raised $175 million to part-fund its acquisition of the underground Pogo Mine in Alaska. 

 
 

Area: Corporate

Value: $175 million

Key players: The Ashurst team was led by partner Roger Davies, who was supported by partner Antonella Pacitti, senior associate Themo Georgiou and lawyers Toby Newnes, Michelle Gaynor and Meng-Yeow Lim.

Deal significance: The acquisition is Northern Star’s first such move outside of Australia, and is expected to be completed in October 2018, the firm said. 

The placement was fully underwritten and the issue price was A$6.70 per share.

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Jerome Doraisamy

Jerome Doraisamy

Author

Jerome Doraisamy is the managing editor of professional services (including Lawyers Weekly, HR Leader, Accountants Daily, and Accounting Times). He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.

You can email Jerome at: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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