HWL Ebsworth advises Bellevue Gold on $131 million capital raising

03 September 2021

HWL Ebsworth advised Bellevue Gold Limited (Bellevue Gold) on its oversubscribed fully underwritten $106 million institutional placement and proposed non-underwritten share purchase plan to raise up to an additional $25 million.

Bellevue Gold owns and operates the Bellevue Gold Mine in Western Australia, one of the highest grade gold discoveries in the world. The mine will be fully funded to first production thanks to the capital raising and a credit-approved project loan of $200 million from Macquarie Group Ltd.

Partner’s Shaun Hardcastle and Deanna Carpenter advised Bellevue Gold on the capital raising with support from solicitor James Roberts.

The team at HWL Ebsworth has acted for Bellevue Gold on multiple transactions, raising over $290 million via placements and share purchase plans.

Macquarie Capital (Australia) Limited, Canaccord Genuity (Australia) Limited and Goldman Sachs Australia Pty Ltd acted as joint lead managers and underwriters to the placement.

Note to Editors:

HWL Ebsworth is the largest legal partnership in Australia according to the most recent partnership surveys published by The Australian and the Australian Financial Review.

The firm comprises 1,523 staff including 265 Partners, 906 other legal staff and 352 support staff across offices in nine locations – Adelaide, Brisbane, Canberra, Darwin, Melbourne, Hobart, Norwest (North West Sydney), Perth and Sydney.

HWL Ebsworth is an independent, nationally integrated, full service commercial law firm, providing tailored and commercially oriented legal services.

HWL Ebsworth operates a different business model to the other leading national law practices, and this allows us to offer unrivalled value for money without compromising quality and service. Our low ratio of solicitors to partners ensures that our clients receive optimal access to partner resources for all matters.

For further information, please contact:
Russell Mailler, Chief Strategy Officer (03) 8644 3569 or rmailler@hwle.com.au

This article was written by Shaun Hardcastle, Partner. 


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