Practice Areas - Equity Capital Markets Law Firms and Lawyers
| Deal Date: | 09-11-2012 | Practice Area: | Equity Capital Markets |
| Deal Title: | Kula Gold Limited Share Placement | Industry: | Mining |
| Description: |
Ashurst has advised Kula Gold Limited (KGD) in a share placement and share purchase plan to raise more than A$5 million.
KGD is the 100 per cent owner of an advanced stage gold project with significant additional exploration potential on Woodlark Island, located approximately 300 kms from the Papua New Guinean mainland.
The deal value is estimated at A$5m plus the proceeds of the share purchase plan. The funds raised will be used for further exploration and to provide working capital.
The Ashurst team included partner Murray Wheater and senior associates Sarah de Flamingh and Raymond Lou (Australia). US securities law advice on the matter was provided by partner Stuart Rubin (Hong Kong).
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| Financial Center: | Sydney | Value: | 0.00-100.00 |
| Advised Party: | Issuer | Law Firm | Ashurst |
| Issuer Jurisdiction - | Australia | Listing Jurisdiction - | Australia |
| Classification: |
Secondary Offerings and Placings Australian Securities Exchange: |
Lawyer | Murray Wheater |
