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
Ivanhoe launches capital raising

Ivanhoe launches capital raising

Freehills isIvanhoe launches capital raising acting for UBS AG, Australia Branch and Morgan Stanley Australia Securities Limited in relation to Ivanhoe Australia's capital raising to raise a…

Freehills isIvanhoe launches capital raising acting for UBS AG, Australia Branch and Morgan Stanley Australia Securities Limited in relation to Ivanhoe Australia's capital raising to raise a minimum of approximately $213 million.

Ivanhoe, represented by Minter Ellison, plans to use the capital to fund its Osborne acquisition, develop the Merlin Project, partially repay debt and fund ongoing exploration and development.

The capital raising has been structured as a one-for-four accelerated, non-renounceable entitlement offer to raise up to approximately $231 million - the $213 million institutional component of which is being underwritten - at $2.88 per new share.

Subject to sufficient demand, Ivanhoe Australia may also proceed with an institutional placement of up to $38 million at $2.88 per new share.

Through the exercise of options, Ivanhoe Australia may also raise up to $136 million in the future.

Freehills partner Philippa Stone said of the deal: "We are delighted to have acted for UBS and Morgan Stanley on what is a significant capital raising for Ivanhoe Australia. The free option provides investors with the benefit of any upside and also gives the company a potential source of future funding."

The Freehills team is being led by Stone, who is supported by lawyers Ivan Yu and Carl Hornigold.

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

Ivanhoe launches capital raising
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...
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 & ...