04 Mar 2014

Clayton Utz advises Joint Lead Managers on Flinders Mines' A$14.3 million equity raising

Perth, 4 March 2014: Clayton Utz has advised Euroz Securities Limited and BBY Limited, as joint lead managers, in connection with a A$14.3 million raising by Flinders Mines Limited, announced to the market on 28 February 2014.

Perth Corporate Advisory/M&A partner Mark Paganin led the Clayton Utz team, which includes senior associate Liz Humphry and lawyer Elizabeth Maynard.

The raising comprises a A$6.8 million share placement to institutional and sophisticated investors and a fully underwritten 1 for 7 non-renounceable entitlements issue at A$0.025 to raise total proceeds of approximately A$7.5 million. Euroz Securities Limited and BBY Limited were also joint underwriters to the non-renounceable entitlement issue.

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Clayton Utz communications are intended to provide commentary and general information. They should not be relied upon as legal advice. Formal legal advice should be sought in particular transactions or on matters of interest arising from this communication. Persons listed may not be admitted in all States and Territories.