New Century Resources’ A$119 Million Equity Raising

Allens has advised New Century Resources on the deal.

New Century Resources (ASX:NCZ)  has completed its A$119 million equity raising comprising of a private placement and underwritten rights issue.

The equity raising will allow  New Century to restructure its balance sheet and pay out existing debt, enter into a new Environmental Bond Facility and hedging, accelerate its growth trajectory for the Century mine, bring on strategic investor Sibanye Stillwater, and acquire an option to purchase the Mt Lyell Copper Mine.  

New Century Resources (ASX:NCZ) is an Australian base metal producer that has become one of the world’s top 10 zinc producers.

The Allens’ team was led by Partner Bryn Hardcastle (Picture) and included  Dave Filov (Counsel), Alexandra Meade (Senior Associate), Alex Forster (Lawyer), Elizabeth Watts (Lawyer).

Involved fees earner: Dave Filov – Allens; Alex Forster – Allens; Bryn Hardcastle – Allens; Alexandra Meade – Allens; Elizabeth Watts – Allens;

Law Firms: Allens;

Clients: New Century Resources;

Sonia Carcano

Author: Sonia Carcano