You have 0 free articles left this month.

Lawyers Weekly - legal news for Australian lawyers

Powered by MOMENTUM MEDIA
lawyers weekly logo
Advertisement
Big Law

Ashurst handles $107 million capital raising

Ashurst has advised multi commodity explorer and miner Alkaneon on a $107 million capital raising.

March 06, 2012 By Digital
Ashurst handles $107 million capital raising
expand image

Firms: Ashurst (Alkane Resources Ltd)

 
 

Deal: Capital raising: entitlement offer and placements raising

Area: Corporate

Value: $107 million

Key players: Roger Davies was Ashurst’s lead partner

Deal significance: Multi commodity explorer and miner Alkane is, over the next two years, planning to develop two significant resource projects in central west NSW, namely the Tomingley Gold Project and the Dubbo Zirconia Project, which will have a combined capital expenditure of approximately $1 billion. The deal was partially underwritten by Regal Funds Management Pty Limited and sub-underwritten by Gandel Metals Pty Ltd, an investment company associated with Ian Gandel, a director of Alkane.

Tags
You need to be a member to post comments. Become a member today
Got a tip for us?
If you have any news tips or stories to share, feel free to send them our way.
Momentum Media Logo
Most Innovative Company