BCI Minerals Limited’s $360 Million Capital Raising

Gilbert + Tobin has advised BCI Minerals Limited on the raising.

BCI Minerals (ASX:BCI) aunched a $360 million capital raising, as part of its broader $1.2 billion funding to develop its salt and potash Mardie Project in the Pilbara region of Western Australia.

Under the placement, $240 million will be raised with commitments received from existing shareholder Wroxby and new investor AustralianSuper for $110 million and $75 million, respectively. 

BCI Minerals Limited is an Australian-based company focused on developing its 100% owned Mardie Salt & Potash Project, located on the West Pilbara coast in the centre of Australia’s key salt production region. Using an inexhaustible seawater resource and a production process driven mainly by natural solar and wind energy, Mardie is a sustainable opportunity to supply the salt and potash growth markets in Asia over many decades.

The G+T team was led by Perth based Corporate Advisory partner Sarah Turner (Picture) supported by lawyers Michael Fitzpatrick and Janelle Sputore.

 

Involved fees earner: Michael Fitzpatrick – Gilbert + Tobin; Janelle Sputore – Gilbert + Tobin; Sarah Turner – Gilbert + Tobin;

Law Firms: Gilbert + Tobin;

Clients: BCI Minerals Limited ;

Author: Sonia Carcano