Striking gold: B&C helps US$325m fundraising and transformational acquisition for AIM- and ASX-listed Greatland Gold

23/09/2024

We’re delighted to have helped AIM-listed Greatland Gold PLC with its US$325m fundraising for its transformational acquisition of the Havieron and Telfer projects in Pilbara, Western Australia. The fundraising was fully underwritten via a Placing & Retail Offer and admission of securities to AIM.

Greatland, in partnership with Newmont, acquired a 70% interest in Havieron and the Telfer gold-copper mine for US$475 million. The fundraising will be used to pay for the US$155 million cash element of the deal, repay a US$52 million joint venture loan to Newmont and provide working capital to complete the deal.

Our thanks to our wonderful clients including SPARK Advisory Partners (Nominated Adviser), Canaccord Genuity (Global Coordinator, Bookrunner and Broker), Simmons & Simmons LLP, King & Wood Mallesons and White & Case LLP (Legal Advisers) and Merrill Lynch Markets (Australia) Pty. Limited (Financial Adviser to the Company in respect of the Acquisition).

If you’d like to find out how we can ensure the success of your fundraisings and transformational acquisitions, chat with us today: hello@blackandcallow.com

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