Gowling WLG advises Phoenix Copper on its £16.45 million fundraising

Gowling WLG's mining and capital markets team has advised Phoenix Copper Limited on a £16.45 million placing and subscription. Phoenix also has an open offer in place to raise up to an additional £1.95 million from qualifying shareholders.

Phoenix Copper Limited is a US base and precious metal exploration and development company which is developing the Empire Mine in Idaho to produce copper, gold, silver and zinc.

Gowling WLG's team was led by corporate principal associate Alex Davidson, with assistance from corporate partner Charles Bond and trainee solicitors Alistair Connor and Rachel Bright.

Alex Davidson said: "Since assisting Phoenix Copper with its admission to AIM in 2017, it has been great to see management move this project forwards and execute on this significant financing. We look forward to the next stage of growth as the company moves into the pre-production phase."

Gowling WLG's multi-disciplinary Natural Resources team has the proven ability to advise on all stages of a project, and combine legal expertise from across its international offices to offer a global perspective and specialised local knowledge.