Capital markets team advises on Altus Strategies PLC's US$26.1 million fundraising

2 minute read
16 December 2021

Our Capital Markets team has advised dual listed UK mining royalty company Altus Strategies PLC on its $26.1 million placing and subscription.

Existing investor La Mancha has invested a further $6.9 million to maintain its 35.08% stake in the company, while Altus directors and officers participated in the subscription to the total of $0.7 million. The funds raised will go towards the acquisition of a diversified and gold focused portfolio up to 24 royalties in Australia and Cote d'Ivoire from Newcrest Mining Limited and general corporate purposes .

The team was comprised of capital markets and natural resources partner Charles Bond as well as legal director Sue Johnston, associate Hannah Shamsolmaali, and trainee solicitor Hannah Barnett.

Commenting, Charles Bond said: "It has been a pleasure to work alongside Altus again to realise its investment potential and help it complete a transformative acquisition."

With offices across Canada, the UK, Europe, Russia, Asia and the Middle East – as well as an established network of professionals in South Africa, Australia and South America – the Capital Markets team utilises its understanding of local markets to navigate issues across multiple jurisdictions. The team has vast experience in fundraising ventures and acting for capital markets participants, and take great pride in what they help their clients achieve.

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