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Narryer Metals undertakes IPO, $5m cap raise

Listed mineral exploration and development company Narryer Metals Limited (ASX: NYM) has been advised on its initial public offering on the ASX and subsequent $5 million capital raise.

user iconJerome Doraisamy 04 May 2022 Big Law
Piper Alderman
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Firm: Piper Alderman (Narryer Metals Limited)

Deal: Narryer Metals has undertaken its IPO, which involved a $5 million capital raising. Piper Alderman assisted Narryer Metals in relation to all aspects of the deal, including pre-IPO acquisition of tenements and corporate restructuring, preparation of the prospectus, royalty agreements, tenement reports, ASX submissions and providing corporate governance advice. 

Area: Capital markets, energy and resources

Value: $5 million

Key players: The Piper Alderman team consisted of partners Paul Sartori and Sarah Clarke, consultant Ailyn Tydde, lawyer Sam O’Neill and law graduate Arjun Amin.

Deal significance: Narryer Metals managing director Dr Gavin England said: “At Narryer, we are pleased to welcome our new shareholders into the company.

“I thank lead manager, Morgan Stanley Australia, for their assistance in the successful capital raising, as well as Grange Consulting and Piper Alderman for their services through the IPO process.”

Mr Sartori added: “We are delighted to have assisted the team at Narryer Metals with this significant milestone and look forward to cementing this relationship in the years to come.”

Jerome Doraisamy

Jerome Doraisamy

Jerome Doraisamy is the managing editor of Lawyers Weekly and HR Leader. He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.

You can email Jerome at: jerome.doraisamy@momentummedia.com.au 

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