Allens has advised Endura Mining on its successful $150 million private placement to support the development of the Snowy River Gold Mine, a high-grade underground gold project located on the West Coast of New Zealand's South Island.
The placement was strongly supported by AustralianSuper, Endura’s major shareholder, and Orion Resource Partners. The placement is part of a broader funding strategy for the development of the Snowy River Gold project, which includes additional undrawn commitments provided by Orion and the long-form credit approved term sheet for commercial bank financing, into which Endura has recently entered.
'We are pleased to have supported Endura on this milestone transaction to advance a strategically important project,' said Managing Associate, Alex Ninkov.
'We look forward to continuing to work with Endura as it pursues its strategy of creating a new growth platform in gold and copper mining.'
The Allens team was led by Alex Ninkov together with Counsel, Dave Filov from the corporate team and Partner, Rod Aldus from the banking and finance team.
Allens continues to advise Endura on all aspects of its funding arrangements for the Snowy River Gold Project.
Allens legal team
M&A and Capital Markets
Guy Alexander (Partner), Dave Filov (Counsel), Alexander Ninkov (Managing Associate), Lawrence Ward (Senior Associate), Lennard Bremer (Associate), Siena Ellison (Lawyer)
Finance, Banking & Debt Capital
Rod Aldus (Partner), Alastair Henderson (Senior Associate), Jess Pantinople (Associate), Georgina Holborn (Lawyer)