Chesterfield Resources plc’s £26m placing of ordinary shares

Fladgate acted for Chesterfield Resources plc on its placing of £26m ordinary shares at 5p per share raising £1.3m before expenses, and the admission of the entire issued ordinary share capital of the company (including the placing shares) to trading on the Standard Segment of the Official List of the UK Listing Authority and the Main Market of the London Stock Exchange.

Chesterfield Resources plc is a special purpose acquisition company focused on opportunities in the mining sector, and in particular on acquiring a company, business or asset with operations in the exchange traded non-ferrous metals segment.

The Fladgate team was led by capital markets partner Nigel Gordon (picture), assisted by senior associate Linda Whittle, associate Diana Mennie and trainee Thomas Maw.

Involved fees earner: Nigel Gordon – Fladgate LLP; Linda Whittle – Fladgate LLP; Diana Mennie – Fladgate LLP; Thomas Maw – Fladgate LLP;

Law Firms: Fladgate LLP;

Clients: Chesterfield Resources plc;