Shanta Gold’s Oversubscribed US$42.1 Million Fundraising

Memery Crystal has advised Shanta Gold on the transaction.

Shanta Gold raised oversubscribed capital approximately US$42.1 million by way of a placing and a direct subscription to existing shareholders and other institutional investors and an offer to retail investors.

The proceeds of the fundraising will be used for infill drilling, expansion drilling, technical studies and working capital over the next 36 months at the company’s West Kenya Project, and for general corporate purposes.

The Memery Crystal team was led by CEO Nick Davis (Picture) alongside Director Melanie Talbot, Solicitor Lauren Belmonte and Paralegal Priya Morzeria.

Involved fees earner: Lauren Belmonte – Memery Crystal; Nick Davis – Memery Crystal; Melanie Talbot – Memery Crystal;

Law Firms: Memery Crystal;

Clients: Shanta Gold ltd;