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Euroz Hartleys, Sprott secures $126m placement
Euroz Hartleys Limited and Sprott Capital Partners LP has been assisted by Clayton Utz on its $126.39 million placement by West African Resources.
Naomi Neilson
Firm: Clayton Utz (Euroz Hartleys, Sprott Capital Partners LP)
Value: N/A.
Area: Corporate, finance.
Key players: Corporate partner Mark Paganin and special counsel Stephen Neale are leading the team, with key support from partner Rohan Mishra.
Deal significance: The placement will be undertaken in two tranches of up to approximately 101.11 million shares at $1.25 per share.
West African Resources will use the proceeds of the raising to support the initial payment for its acquisition of 90 per cent of the Kiaka Gold Project in Burkina Faso, the final cash payment under its previous Toega acquisition, and to fully repay an outstanding debt under a syndicated finance facility.
Naomi Neilson
Naomi Neilson is a senior journalist with a focus on court reporting for Lawyers Weekly.
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