Jones Day advised Orocobre Limited on the deal.
Orocobre Limited, a dual ASX and TSX-listed lithium chemicals producer, announced its AUD$156 million capital raising by way of a fully underwritten placement to institutional investors of AUD$126 million and non-underwritten share purchase plan to shareholders in Australia and New Zealand of up to AUD$30 million. The placement will be made to institutional investors located in Australia, New Zealand, France, Germany, Norway, Sweden, Hong Kong, Japan, Singapore, Switzerland, United Arab Emirates, United Kingdom, and the United States.
Orocobre Ltd is a mineral exploration company. The Company’s primary objective is to develop lithium-potassium brine projects. Orocobre is focused on advancing its flagship Salar de Olaroz (Olaroz) lithium-potassium brine project in Argentina.
The Jones Day Team was led by Brett Heading and Alexander Gendzier (Picture).
Law Firms: Jones Day;
Clients: Orocobre Ltd;