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Alliance Minerals advised on ‘strategic’ share placements

King & Wood Mallesons has advised Alliance Minerals on its recently announced equity capital raising.

May 17, 2019 • By Emma Musgrave
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King & Wood Mallesons
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Firm: King & Wood Mallesons (Alliance Minerals)

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Deal: Alliance Minerals has been advised on its equity capital raising.

 
 

Value: $32.5 million

Area: Finance

Key players: The KWM team advising on the deal was Perth-based partner Heath Lewis and senior associate Mark Joss.

Deal significance: According to a statement from KWM, the funding is “as the result of simultaneous strategic share placements with Galaxy Resources Limited (Galaxy) and Jiangxi Special Electric Motor Co., Ltd and will see Galaxy become the listed miner’s largest shareholder”.

The funding will be used to advance Alliance’s Bald Hill Lithium and Tantalum Mine upgrades, as well as exploration opportunities and working capital, the firm noted. 

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“We are pleased to have worked with Alliance to bring this transaction to fruition and to further assist in progressing the Bald Hill Mine,” said lead partner Heath Lewis.

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Emma Musgrave

Emma Musgrave

Author

Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.

Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences. 

Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.

She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University. 

Email Emma on: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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