Case Studies

Diversification of project portfolio while avoiding re-compliance with Chapters 1 and 2 for ASX Company

Piper Alderman assisted ASX-listed Santana Minerals Limited (Santana) to acquire its Bendigo-Ophir Project and simultaneous capital raising

Team: Josh Steele, Daniel Owen

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

With gold at record highs at the start of Q2 2020, Santana was presented with a significant opportunity to acquire a highly prospective gold project to complement its existing portfolio of base and precious metals projects.

As with any public transaction, speed of execution was critical for Santana in order to secure the opportunity and to seize on the current positive investor sentiment in order to secure necessary working and development capital to advance the project.

Having previously worked with Piper Alderman (on opposing sides) in similar regulated transactions in which certainty and speed of execution were critical, Santana sought Piper Alderman’s assistance on the acquisition and ancillary capital raising.

In doing so, Santana was able to successfully secure the project, raise the necessary capital and navigate the various required shareholder and regulatory approvals in less than three months from the date the opportunity was presented.