March 3, 2024
Doyle's Guide

Allion Legal advises Galaxy on $81million capital raising

Stuart Mengler, Allion Legal

Allion Legal’s Corporate and Resources team are advising Galaxy Resources Limited on its recently announced A$81 million capital raising via a placement to existing cornerstone investor M&G Investments and new cornerstone investor State-owned East China Mineral Exploration & Development Bureau (ECE).

Principal, Stuart Mengler is leading the Allion team advising Galaxy, which includes Principal, Phil Lucas and Associate, Chris Rosario.

“We are delighted to be advising Galaxy on a transaction of this nature at a time when capital raising is difficult. The funds raised will assist Galaxy to meet its ongoing project development goals” saidMengler.

Subject to approvals, the ECE component of the capital raising is expected to complete in January 2013. A key intention for the proceeds from the capital raising is the progression of the Sal de Vida Lithium Brine and Potash Project in Argentina.

Allion Legal has been advising Galaxy Resources on the development of the Sal Da Vida project since Galaxy acquired the asset via a merger with Canada’s Lithium One.

Related posts

Leading Corporate Lawyers – South Australia, 2024

Doyles Guide

Leading Commercial & Business Lawyers – South Australia, 2024

Doyles Guide

Corporate & Commercial Law Rising Stars – South Australia, 2024

Doyles Guide

Leading Corporate Law Firms – South Australia, 2024

Doyles Guide

Leading Family Lawyers (High-Value & Complex Property Matters) – Brisbane, 2024

Doyles Guide

Leading Tax Lawyers – New South Wales, 2023

Doyles Guide

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More