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Canterbury Resources enlists on the ASX
Dentons has advised the ‘emerging’ mining exploration company on its initial public offering and listing on the Australian Stock Exchange.
Grace Ormsby
Firm: Dentons (Canterbury Resources Limited)
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Deal: Dentons has advised Canterbury Resources Limited on its IPO and listing on the ASX.
Value: Undisclosed
Area: Mining, Corporate
Key players: Dentons’ team was led by Sydney-based corporate partner Kym Livesley with support from Port Moresby partner Steve Patrick. Senior associate Urvashi Seomangal, and lawyers Natalie Yeung and Komdal Longata, also played a part.
Deal significance: Canterbury Resources is a Sydney-based company was formed in 2011, with the aim of generating exploration opportunities for gold and copper in the southwest Pacific region.
Holding a portfolio across Papua New Guinea, Australia, and Vanuatu, the emerging company was advised on the offer process, disclosure obligations, and making the offer available to certain overseas jurisdictions, Dentons explained.
Lead partner Kym Livesley said the firm was delighted to work on the ASX listing, and looks forward to continuing to work with the company during a “transformative” time.
“Canterbury Resources has a strong portfolio of assets in the Pacific region, and with plans for drilling at their most advanced assets, time was of the essence for the initial public offering,” he commented.
“Given Dentons’ deep understanding of the industry and the region, as well as our longstanding presence in Papua New Guinea, Dentons was able to assist Canterbury Resources with their listing in a swift manner.”
