Allion Partners advises Australian Mines Limited on $15M capital raising for Sconi project

Paul Sartori’s team at Allion Partners (Perth, Mining law) has advised on a major capital raising by Australian Mines Limited. 

Allion Partners reports that it was recently retained by Australian Mines Limited on its AU$15 million capital raising for its Sconi Cobalt-Nickel-Scandium Project in North Queensland.

The raising involved a fully underwritten share purchase plan for existing shareholders up to AU$5 million, together with a further placement for other investors. Allion Partners, which is based in Perth and is well-regarded in the mining and resources space, has a long-standing relationship with Australian Mines Limited.

Paul Sartori, Partner at Allion, said “the capital raising was conducted within an expedited timeframe, working closely with the underwriter, Patersons Securities. Having acted on numerous matters for this long-standing client (including its spin-out and ASX listing of Norwest Gold Limited at the end of last year), we are very pleased to have concluded another successful transaction for Australian Mines and we look forward to continuing this relationship as the Company advances its projects.”

Mr Sartori has considerable experience in deal structuring, both within and beyond the resources industry.