12 June 2019
Allion Partners has acted for Australian Mines Limited on its recently announced $15M capital raising to advance its Sconi Cobalt-Nickel-Scandium Project in North Queensland.
The raising involves a fully underwritten share purchase plan for existing shareholders up to $5M (with the ability to accept oversubscriptions), together with a placement to sophisticated investors.
Paul Sartori said “the capital raising was conducted within an expedited timeframe, working closely with the underwriter, Patersons Securities. Having acted on numerous matters for this long-standing client (including its spin-out and ASX listing of Norwest Gold Limited at the end of last year), we are very pleased to have concluded another successful transaction for Australian Mines and we look forward to continuing this relationship as the Company advances its projects.”