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Freehills behind Aston Resources IPO
Freehills has announced it is acting for Brisbane-based company Aston Resources Limited, a coal mining development company which owns the Maules Creek project in the Gunnedah Basin, on its…
Lawyers Weekly
Freehills has announced it is acting for Brisbane-based company Aston Resources Limited, a coal mining development company which owns the Maules Creek project in the Gunnedah Basin, on its initial public offering (IPO) and listing on the Australian Stock Exchange.
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Under the IPO, Aston Resources will raise approximately $400 million and, following listing, its market capitalisation is expected to be approximately $1.2 billion.
With the $1.3 billion Valemus IPO canceled last month, this represents the largest IPO by both amount raised and listed since the Myer IPO in 2009.
Given the scale and complexity in the preparation of the IPO, which included the renegotiation of Aston Resources' senior facilities, the Freehills team included lawyers from the corporate, equity capital markets, head office advisory, banking and environmental practice areas.
The team was led by Sydney-based corporate partners Philippa Stone and Tony Sparks and Brisbane-based corporate partner Matthew Fitzgerald, who were supported by senior associate Daniel Scotti and lawyers Kenneth Stanton and Ivan Yu.
Assisting on the banking aspects of the transaction was partner Hayley Neilson, who was supported by senior associate Sam McDonough and lawyers Jessica Saya and Warren Brandt.
The team at Freehills' Brisbane office, who worked closely with Aston Resources, included executive counsel Mary Boittier and lawyers Tony Field and Matthew McKeown.
