Australia: Clayton Utz advises joint lead managers on A$14.3 million equity raising by Flinders Mines
Last Updated: 6 March 2014

Perth, 4 March 2014: Clayton Utz has advised Euroz Securities Limited and BBY Limited, as joint lead managers, in connection with a A$14.3 million raising by Flinders Mines Limited, announced to the market on 28 February 2014.

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

The raising comprises a A$6.8 million share placement to institutional and sophisticated investors and a fully underwritten 1 for 7 non-renounceable entitlements issue at A$0.025 to raise total proceeds of approximately A$7.5 million. Euroz Securities Limited and BBY Limited were also joint underwriters to the non-renounceable entitlement issue.

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