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Pantoro advised on acquisition of listed firm, cap raise
Global law firm DLA Piper is advising Australian gold producer Pantoro on its acquisition of Tulla Resources and $75 million capital raising.
Jerome Doraisamy
Firm: DLA Piper (Pantoro Limited)
The merger is being conducted, DLA Piper said in a statement, via a UK scheme of arrangement and includes the demerger of certain industrial mineral assets, proposed consolidation and refinancing of existing debt facilities and the issue of Australia-listed scrip consideration.
In support of the merger, Pantoro has launched a two-tranche placement to raise $75 million.
Area: Corporate
Value: $75 million
Key players: The DLA Piper team was led by partner James Nicholls, who was supported by partners Alex Jones, Owen Alcorn and Robert Newman, senior associates Kirsty Hall and Matthew Roberts, legal director Karin Kirschner, and solicitors Emily Donley and Basil Joseph.
Deal significance: Speaking about the advice, Mr Nicholls said: “We were pleased to advise Pantoro on this important acquisition, which establishes a new mid-tier ASX-listed gold company.
“The transaction creates significant potential for brownfield and greenfield exploration, while securing 100 per cent ownership of the Norseman battery and base metals mineral rights.
“In an era when battery and base metals are hotly contested, the acquisition effectively secures those rights for shareholders.”
“The acquisition is testament to the cross-border capabilities and multi-practice area expertise of DLA Piper. We were delighted to advise Pantoro on this important mandate.”
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly. A former lawyer, he has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. He is also the host of all five shows under The Lawyers Weekly Podcast Network, and has overseen the brand's audio medium growth from 4,000 downloads per month to over 60,000 downloads per month, making The Lawyers Weekly Show the most popular industry-specific podcast in Australia. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of Minds Count.
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