find the latest legal job
Corporate/Commercial Lawyers (2-5 years PAE)
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Specialist commercial law firm · Long-term career progression
View details
Graduate Lawyer / Up to 1.5 yr PAE Lawyer
Category: Personal Injury Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Mentoring Opportunity in Regional QLD · Personal Injury Law
View details
Corporate and Commercial Partner
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Full time · Join a leading Adelaide commercial law firm
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Sydney NSW
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Melbourne VIC
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
Herbert Geer acts on Kentor Gold $65m deal

Herbert Geer acts on Kentor Gold $65m deal

Law firm Herbert Geer has advised Kentor Gold Ltd on its $65 million capital raising.

LAW firm Herbert Geer has advised Kentor Gold Ltd on its $65 million capital raising.

The capital raising included a placement of shares to sophisticated and professional investors and a pro rata rights issue to shareholders.

The placement was significantly oversubscribed and keenly sought by investors in Australia, Asia and Europe.

The placement and rights issue was undertaken shortly after Kentor’s board announced its decision to proceed with the full scale development of the Andash Gold-Copper Project (Andash Project) in the Kyrgyz Republic in which Kentor has an 80 per cent interest.

The high grade, low cost Andash Project is scheduled to commence production in early 2012. Production is currently expected to average 70,000 ounces of gold and 7,400 tonnes of copper per annum for an initial six years, with exploration results at several nearby deposits and prospects presenting potential opportunities to expand and extend the life of the operation.

Funds raised by the capital raising will complement the US$50 million debt financing which Macquarie Bank Limited has been mandated to provide.

Lead Herbert Geer partner on the deal was Michael Truelove. He was assisted by solicitor Hugh Brolsma.

The other advisors on the deal were the Joint Lead Managers to the deal (Helmsec Global Capital Limited and RBS Morgans Corporate Limited) and Middletons, represented by partner Russell Lyons and special counsel Jillian McGregor.



Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Herbert Geer acts on Kentor Gold $65m deal
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Scales of Justice
Dec 15 2017
Timing ‘critical’ in unusual contempt of court ruling
A recent case could have interesting implications for contempt of court rulings, according to a Ferr...
Dec 14 2017
International arbitration and business culture
Promoted by Maxwell Chambers. This article discusses the impact of international arbitration on t...
Papua New Guinea flag
Dec 14 2017
World-first mining case launched in PNG
Citizens of Papua New Guinea have launched landmark legal proceedings against the country’s govern...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...