Cross firm team advises Andrada Mining Limited on US$25m funding package

2 minutes de lecture
17 août 2023

A cross firm team has advised African technology metals mining company Andrada Mining Limited, on its US$25 million funding package with Orion Resource Partners to develop its Uis mine in Namibia. We also advised the company in July on its additional £7.7 million fundraise through the issue of convertible loan notes to new and existing investors.

The Orion package comprised US$2.5 million in equity (at 6.39p), a US$10 million convertible loan note with warrants, and a US$12.5 million unsecured royalty. The transaction is conditional on shareholder approval at the company's upcoming Annual General Meeting and funding is expected to be completed around the end of September 2023.

The Gowling WLG team which advised on the funding was led by head of Capital Markets and Natural Resources, Charles Bond, supported by legal director Sue Johnston (Corporate), partner Nath Curtis (Project Finance), principal associate Kate Shannon, senior associate Sam Evans and associate Jack Mitchell (Banking and Finance).

With offices across the UK, Europe, Canada, Asia and the Middle East - as well as an established network of professionals in South Africa, Australia and South America – Gowling WLG utilises its understanding of local markets to navigate issues across multiple jurisdictions. Armed with deep industry knowledge, our mining lawyers deliver sophisticated solutions tailored to the commercial and practical realities of your business. Our sector-focused advice covers all areas of corporate and financial law, commercial law and the various forms of dispute resolution.

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