Australia: Clayton Utz advises Gindalbie Metals Ltd on approximate $62 million capital raising
Last Updated: 3 December 2012

Perth, 30 November 2012: Clayton Utz advised ASX-listed Perth based iron ore producer Gindalbie Metals Ltd in connection with its A$40 million fully underwritten placement to institutional and sophisticated investors. The placement is underwritten by UBS.

The raising is being undertaken to fund the development of the Karara iron ore project.

It is also proposed that Gindalbie's major shareholder Ansteel (35.89%) will participate in a separate placement of approximately A$22 million, subject to shareholder approval and legal and regulatory approvals.

Clayton Utz Perth Corporate partner Mark Paganin led the firm's team with support from senior associate James Clyne and lawyers Tracy Chew and Rebekah Winsor.

Ansteel is one of China's biggest steel makers.

To print this article, all you need is to be registered on

Click to Login as an existing user or Register so you can print this article.

Some comments from our readers…
“The articles are extremely timely and highly applicable”
“I often find critical information not available elsewhere”
“As in-house counsel, Mondaq’s service is of great value”

Press Releases from this Firm
Recent Content from this Firm
By Peter Sise
By Brendan Bateman, Kristina Tomas
By Hannah Kimber, Stuart Byrne
By Brendan Bateman
By Dan Howard, Faith Taylor
By Mihkel Wilding, Noni Nelson, Naomi Zhang
By Fred Hawke, Nina Krys
By Brendan Bateman, Faith Taylor, Dan Howard
By Clayton Barrett, Andrew Hay, Sonia Goumenis
By John Carroll
Font Size: