You have 0 free articles left this month.
Register for a free account to access unlimited free content.

Lawyers Weekly - legal news for Australian lawyers

Powered by MOMENTUM MEDIA
lawyers weekly logo

Powered by MOMENTUM MEDIA

Advertisement
Goodbye job applications, hello dream career
Seize control of your career and design the future you deserve with LW career

Iron ore producer raises capital

A national firm has advised on a multi-million-dollar equity raising for Sundance Resources.

user iconStefanie Garber 09 February 2016 Big Law
Mark Paganin
expand image

Firms: Clayton Utz (Sundance Resources)

Deal: Sundance Resources launched a pro-rata renounceable entitlement offer.

Value: $16.5 million

Area: Banking and finance

Key players: Clayton Utz partner Mark Paganin led the team, with support from senior associate Stephen Neale and lawyer Thomas Parker.

Deal significance: The pro-rata renounceable entitlement offer announced last week aims to raise up to $16.5 million for Sundance Resources. The entitlement is partially underwritten.

Shareholders have the opportunity to purchase one new share for every share held, at an issue price of $0.005 per share, together with one free attaching option for every share subscribed.

Tags
You need to be a member to post comments. Become a member for free today!