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Michelmores has supported the oversubscribed equity fundraising by AIM quoted Panthera Resources plc. Michelmores acted for the joint bookrunners Allenby Capital, VSA Capital and Novum Securities who conducted the institutional placing element of the fundraising, structured as an accelerated bookbuild.
Panthera Resources is an AIM-quoted gold exploration and development company, with a portfolio of high-potential gold assets in West Africa and India. The Michelmores team was led by Ian Binnie and Senior Associate Victoria Miller.
Ian Binnie, Partner in Michelmores’ London Corporate team, commented:
“The need to scale back orders under the bookbuild reflects the confidence investors have in AIM companies with growth potential and demonstrates that AIM remains an important market to raise capital.”
Michelmores’ capital markets team is a highly regarded group of legal professionals with deep expertise in advising businesses across a broad range of sectors. With a reputation for delivering practical, commercially focused legal advice, the team assists clients with mergers and acquisitions, capital markets transactions, private equity, joint ventures, and general corporate governance matters. The team has recently been strengthened by the addition of Corporate Partner, Dearbhla Quigley, whose extensive experience and strong profile in UK equity capital markets as well as international M&A complements the Michelmores offering.
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