Piper Alderman advises mineral exploration and development company on IPO

National law firm, Piper Alderman, has advised Narryer Metals Limited (ASX:NYM) in relation to its Initial Public Offering (IPO) on the ASX, which involves a $5 million capital raising.

Narryer Metals is a mineral exploration and development company that is progressing highly prospective nickel-copper-platinum-group-element (Ni-Cu-PGE) sulphide projects in Australia. These metals are critical in the world’s transition to more sustainable sources of energy production and transmission.

Managing Director of Narryer Metals, Dr Gavin England stated:

“At Narryer, we are pleased to welcome our new shareholders into the Company. I thank Lead Manager, Morgan Stanley Australia, for their assistance in the successful capital raising, as well as Grange Consulting and Piper Alderman for their services through the IPO process.”

The Piper Alderman team led by Perth partner, Paul Sartori, assisted Narryer Metals in relation to all aspects of the deal, including pre-IPO acquisition of tenements and corporate restructuring, preparation of the prospectus, royalty agreements, tenement reports, ASX submissions and providing corporate governance advice.  Paul was supported by Sarah Clarke (Partner), Ailyn Tydde (Consultant), Sam O’Neill (Lawyer) and Arjun Amin (Law Graduate).

Commenting on the IPO, Paul Sartori said:

“We are delighted to have assisted the team at Narryer Metals with this significant milestone and look forward to cementing this relationship in the years to come.”

Piper Alderman also advised on the acquisition of Narryer Minerals Pty Ltd and Leasingham Metals Pty Ltd, which hold interests in the Narryer, Ceduna and Sturt Projects.

Related media coverage

• Narryer Metals undertakes IPO, $5m cap raise – Lawyers Weekly, 3 May 2022