Allens has advised Liontown Resources on its successful $316m capital raising, comprised of a fully underwritten institutional placement to raise approximately $266 million and a non-underwritten conditional placement of $50 million.
The placement includes a $50 million cornerstone investment from the Australian Government's National Reconstruction Fund Corporation.
Liontown will also invite existing eligible shareholders to participate in a non-underwritten share purchase plan to raise up to a further $20 million.
'We congratulate Liontown on this significant capital raising. We are pleased to continue our close relationship and look forward to supporting their ongoing success,' said lead partner Bryn Hardcastle.
'The strong response to the placement, including significant government investment, reflects the national significance of Liontown's world-class Kathleen Valley operations, which reached first production late last year.'
Allens has advised Liontown throughout its evolution from explorer to producer, including on debt and equity packages, offtake agreements and takeover responses.
Allens legal team
Bryn Hardcastle (Partner), Dave Filov (Counsel), Nick Harrison (Senior Associate), Lennard Bremer (Associate), Yasmin Kirkham (Lawyer), Maddy Barrett (Lawyer), Saleem Al Odeh (Lawyer), Dana Thomas (Lawyer)