04 Jun 2015

Clayton Utz advises Joint Lead Managers on Gold Road's A$39 million equity raising

Perth, 4 June 2015: Clayton Utz has advised Macquarie Capital (Australia) Limited and Argonaut Securities Pty Ltd, as joint lead managers and bookrunners in connection with the A$39 million placement by Perth based Gold Road Resources Limited, announced to the market on 4 June.

Perth Corporate Advisory/M&A partner Mark Paganin and senior associate James Clyne led the Clayton Utz team.

The raising comprises a A$39 million institutional share placement to institutional and sophisticated investors, undertaken via institutional bookbuild at a price of A$0.44 per share. Gold Road's equity raising will also include a share purchase plan capped at A$10 million.

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