Melbourne, 22 July 2010: Clayton Utz congratulates Citadel Resource Group Limited (Citadel) on the successful completion of its accelerated rights issue offer raising approximately $262 million.
Melbourne Equity Capital Markets partner Charles Rosedale led the Clayton Utz team advising Citadel.
Commenting on the successful completion, Mr Rosedale said: "Clayton Utz congratulates Citadel on the successful $262 million capital raising which will fund the development of its Jabal Sayid copper and gold project in Saudi Arabia."
"This transaction is the latest in a long line of strategic secondary raisings Clayton Utz's Melbourne Equity Capital Markets team has acted on, following recent roles on institutional placements by CSG Limited and Atlantic Limited," said Mr Rosedale.