Allens Arthur Robinson and Allion Legal have acted on a $110.5 million accelerated, non-renounceable, one for two entitlement offer by Perilya Limited.
Perilya is an Australian-based metals mining and exploration company operating the Zinc, Lead and Silver mine in Broken Hill, NSW, as well as the Flinders Project in SA and the Mount Oxide Project in QLD.
Perilya's largest shareholder, Zhongjin Lingnan Mining (HK) Company Limited (Zhongjin), agreed to subscribe for its full entitlement under the issue representing 52 per cent of the shares to be offered through the transaction.
Zhongjin has already obtained Chinese and Australian regulatory approvals to make its investment.
Allens Arthur Robinson advised UBS - the lead underwriter and sole manager to the transaction which is underwriting the institutional component and part of the retail offer.
Allion Legal advised Perilya, with corporate principals Phil Lucas and Simon Rear assisted by Chris Rosario, Joe Restifo, Ben Stewart and Justin Sims.
"The offer has raised some complex regulatory issues regarding FIRB, the ASX and the takeover provisions of the Corporations Act," said Lucas.
Like this story? Read more: