Login
Sheffield Resources executes investment agreement and cap raise
Listed mineral sands-focused company Sheffield Resources Limited (ASX: SFX) has been advised on its execution of an investment agreement and an associated $30 million capital raising.
Jerome Doraisamy
To continue reading the rest of this article, please log in.
Create a free account to get unlimited news articles and more!
Firm: Norton Rose Fulbright (Sheffield Resources)
Deal: Sheffield has executed an investment agreement with the current shareholders of Rio Grande Mineração S/A and completed a $30 million capital raising comprising a placement to sophisticated and institutional investors and a pro-rata entitlement offer to eligible shareholders.
Area: Capital markets
Value: $30 million
Key players: The NRF team was led by partner David Jewkes, who was supported by senior associate Mauricio Da Rocha and associate Ellen Pen.
Deal significance: The investment agreement, NRF said, provides Sheffield with an option to acquire an initial interest of 20 per cent in RGM and then increase that interest upon the achievement of certain key milestones.
Mr Jewkes said: “We are delighted to have supported Sheffield on this assignment.
“The South Atlantic Project option gives Sheffield an opportunity to expand its asset portfolio, and the successful capital raising will provide funds for that opportunity, as well as the growth of Sheffield’s flagship Thunderbird project.”
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.
You can email Jerome at:
