Australia: Clayton Utz advises Joint Lead Managers on Saracen Mineral Holdings' A$61.2 million equity raising
Last Updated: 3 March 2014

Perth, 27 February 2014: Clayton Utz has advised Macquarie Capital (Australia) Limited and Evans and Partners Pty Ltd, as joint lead managers and bookrunners, in connection with the A$61.2 million raising by Saracen Mineral Holdings Limited, announced to the market on 25 February 2014.

Perth Corporate Advisory/M&A partner Mark Paganin led the Clayton Utz team, which includes senior associate Liz Humphry.

The raising comprises a $27.7 million institutional share placement to institutional and sophisticated investors, undertaken via institutional bookbuild. The underwritten floor price is A$0.31 per share with an accelerated 2 for 11 non-renounceable entitlement offer at the same price as the placement (A$0.31) to raise total proceeds of A$33.6 million.

Macquarie Capital (Australia) Limited and Evans and Partners Pty Ltd were also joint underwriters to the retail component of the entitlement offer.

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