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Clayton Utz advising on $43.2m placement by West African Resources
National firm Clayton Utz is advising Euroz and Sprott on a placement that forms part of a debt and equity funding package that was announced to the ASX earlier this week.
Jerome Doraisamy
Firm: Clayton Utz (Euroz Securities Limited, Sprott Capital Partners)
Value: $43.2 million
Area: Corporate
Key players: The Clayton Utz team is being led by partner Mark Paganin, who is being supported by special counsel Stephen Neale and lawyers Benjamin Depiazzi and Matt Johns.
Deal significance: The placement will be undertaken as a single tranche of approximately 173 million shares at $0.25 per share and the shares will be issued to eligible sophisticated, professional and other institutional investors, the firm noted in a statement.
Upon completion of the fundraising, West African Resources will be fully-funded through to gold production at the company’s Sanbrado Gold Project in Burkina Faso, Clayton Utz said.
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly and HR Leader. He has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. In June 2024, he also assumed the editorship of HR Leader. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of the Minds Count Foundation.
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