Listed mineral exploration and development company Narryer Metals Limited (ASX: NYM) has been advised on its initial public offering on the ASX and subsequent $5 million capital raise.
Firm: Piper Alderman (Narryer Metals Limited)
Deal: Narryer Metals has undertaken its IPO, which involved a $5 million capital raising. Piper Alderman assisted Narryer Metals in relation to all aspects of the deal, including pre-IPO acquisition of tenements and corporate restructuring, preparation of the prospectus, royalty agreements, tenement reports, ASX submissions and providing corporate governance advice.
Area: Capital markets, energy and resources
Value: $5 million
Key players: The Piper Alderman team consisted of partners Paul Sartori and Sarah Clarke, consultant Ailyn Tydde, lawyer Sam O’Neill and law graduate Arjun Amin.
Deal significance: Narryer Metals managing director Dr Gavin England said: “At Narryer, we are pleased to welcome our new shareholders into the company.
“I thank lead manager, Morgan Stanley Australia, for their assistance in the successful capital raising, as well as Grange Consulting and Piper Alderman for their services through the IPO process.”
Mr Sartori added: “We are delighted to have assisted the team at Narryer Metals with this significant milestone and look forward to cementing this relationship in the years to come.”