HWL Ebsworth advised Bellevue Gold Limited (ASX: BGL) on its fully underwritten institutional Placement to raise $100 million and a non-underwritten Share Purchase Plan to raise up to $20 million (as announced on the ASX on Thursday).
Bellevue Gold, a Western Australian gold explorer and developer, intends to use the funds to accelerate the development of its project in WA, having recently announced a maiden indicated resource of 860,000 ounces at 11.6g/t gold.
Under both the Placement and Share Purchase Plan, new shares will be issued at $1.00. The Placement is underwritten by Macquarie Capital (Australia) Limited and Canaccord Genuity (Australia) Limited.
The HWL Ebsworth team was led by Partner Shaun Hardcastle with Senior Associate Jeremy Newman and Associate Maddison Cramer assisting on the transaction.
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 1,381 staff including: 269 Partners, 778 other legal staff and 334 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.
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