11 04 2016

Western Areas Limited's A$60 Million equity raising

Clayton Utz has advised Macquarie Capital (Australia) Limited and Morgan Stanley Australia Securities Limited, as joint lead managers, bookrunners and underwriters in connection with the A$60 million placement by ASX-listed Perth based Western Areas Limited


Western Areas Ltd is an Australian-based nickel sulphide producer which owns the Forrestania Nickel Project, along with development projects in Canada and Finland. The company, led by Daniel Richard Lougher, Joseph Belladonna, David C Southam, W Jones and Charles Wilkinson, is based in West Perth (Australia). The raising comprises a fully underwritten A$60 million institutional share placement to institutional and sophisticated investors, undertaken via institutional bookbuild with an underwritten floor price of A$1.95 per share. Western Areas' equity raising will also comprise a non-underwritten A$10 million share purchase plan. Perth Corporate Advisory/M&A partner Mark Paganin (Picture) and special counsel James Clyne led the Clayton Utz team, which included lawyer Matt Bourke. Involved fees earner: Mark Paganin - Clayton Utz; James Clyne - Clayton Utz; Matt Bourke - Clayton Utz;

IAIR TV

see all videos

LATEST ISSUE
Powered by Share Trading

Everlasting
POPULAR ARTICLES
Le Fonti IAIR Awards Take Hong Kong By Storm

21/03/2017

Hong Kong has become a city of bright expansion, culture, and futuristic innovation. Fr

Will Brexit break London's place as FinTech Capital?

17/11/2016

Fintech, it’s described as the disruption in financial services pushed by consume

Le Fonti IAIR Awards 2016 celebrates excellences in London.

17/10/2016

On October 14th, 2016, the world’s leading corporate stars aligned for a momentou

IAIR AWARDS 2016 IN NEW YORK: EMONEY ADVISOR, C.A.S.H., CREDIT SUISSE AND CHEETAH MOBILE AMONG THE WINNERS

15/04/2016

More than 19 Excellences in the global economy at the VI Annual Edition of IAIR AWARDS&

IAIR AWARDS & CEO SUMMIT 2015 IN DUBAI

20/11/2015

It took place on 19 November 2015 at Palace Downtown in Dubai the 19th edition of the I