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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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.