find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Legal Counsel
Category: Corporate and Commercial Law | Location: North Sydney NSW 2060
· 18 month fixed term contract · 3-5 years PQE with TMT exposure
View details
Gadens advises Silver City Minerals on $9.8m IPO, listing

Gadens advises Silver City Minerals on $9.8m IPO, listing

Gadens Lawyers has advised Silver City Minerals Limited on its IPO and listing on the ASX.

GADENS Lawyers has advised Silver City Minerals Limited on its IPO and listing on the ASX. The company listed with a market capitalisation of approximately $19.6 million.

The IPO raised in excess of AUD$9.8m, above the minimum AUD$6m. In an ASX announcement the Board of Silver City Minerals said this reflected the strength of the company’s project potential and management team.

Silver City Minerals is undertaking an exploration program targeting silver, gold, and base metals in the Broken Hill district of western New South Wales, Australia. 

The company has a range of quality drill targets across six priority project areas which will be the focus of exploration activity in the first twelve months after listing.

The head of Gadens’ Energy and Resources team, partner Kym Livesley led the advisory team, assisted by Senior Associate Sally Weatherstone and Niva Yoganathan.

"Small and medium companies in the energy and resources sector have bucked the trend over the past 24 months that has seen an overall reduction in the amount of capital raisings taking place," Livesley said.

The Chairman of Silver City, Robert Besley said the $9.8m raising was well beyond the company’s target minimum subscription. 

"This is the first time a junior explorer has acquired and consolidated such a large tenure position in the Broken Hill district and we have a range of high quality walk-up drill targets across our six more advanced projects," he said. 

In the past year Gadens has advised on capital raisings for energy and resources companies including Metminco, Platsearch NL, Blackthorn Resources, International Base Metals Limited, Falcon Oil & Gas, and IPOs for Forge Resources, and Exalt Resources. 

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

Gadens advises Silver City Minerals on $9.8m IPO, listing
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
LCA president Fiona McLeod SC
Aug 17 2017
Where social fault lines meet the justice gap in Aus
After just returning from a tour of the Northern Territory, LCA president Fiona McLeod SC speaks wit...
Marriage equality flag
Aug 17 2017
ALHR backs High Court challenge to marriage equality postal vote
Australian Lawyers for Human Rights (ALHR) has voiced its support for a constitutional challenge to ...
Give advice
Aug 17 2017
A-G issues advice on judiciary’s public presence
Commonwealth Attorney-General George Brandis QC has offered his advice on the public presence of jud...
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'...
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...
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 & ...