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29 Apr 2016

Clayton Utz advises Joint Lead Managers on Gold Road Resources' A$74m equity raising

Perth, 29 April 2016: Clayton Utz has advised Macquarie Capital (Australia) Limited and Argonaut Securities Pty Limited, as Joint Lead Managers, in connection with the A$74 million raising by ASX-listed Gold Road Resources Limited. The transaction was announced to the market on 27 April 2016.

Clayton Utz Perth corporate partner Mark Paganin and senior associate Stephen Neale led the firm's team with support from lawyer Thomas Parker.

The raising comprises a A$43 million share placement to institutional and sophisticated investors, undertaken via an institutional bookbuild.  The raising will also comprise an accelerated 1 for 10 non-renounceable entitlement offer at the same price as the placement (A$0.44) to raise total proceeds of A$31 million.  The share placement and institutional component of the entitlement offer was successfully completed today.  The retail component of the entitlement offer opens on 3 May 2016.

Macquarie Capital (Australia) Limited is underwriter to the retail component of the entitlement offer.

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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.