Case Studies

Backdoor ASX listing for unlisted exploration company

Piper Alderman assisted Mekong Minerals to achieve liquidity for shareholders through the disposal of its Cambodian and Laos exploration projects and backdoor listing on the ASX.

Team: Josh Steele

Service: Capital Markets & Capital Raisings | Corporate & Commercial | Mergers & Acquisitions
Sector: Energy & Resources | Mining

Unlisted public company Mekong Minerals Limited (Mekong) sought counsel from Piper Alderman on the divestment of its Cambodian and Laos exploration projects to ASX-listed Santana Minerals Limited, so as to provide liquidity for Mekong’s shareholders and a means by which Mekong (via Santana) could more readily raise additional capital to advance its projects through its ASX listing.

Given Piper Alderman’s experience in assisting entities monetise assets, Piper Alderman was well placed to assist Mekong to structure and implement the proposed transaction, including obtaining necessary shareholder approvals and satisfying various regulatory requirements given the existence of several associate parties.