Estrella Resources (ASX:ESR) secures underwriting for US$8.3m of existing listed options
Estrella Resources Limited has secured underwriting of existing listed options for US$8.3 million. The underwriting was strongly supported by domestic institutions and high-net-wealth clients. The funds raised will be sufficient to cover the next 12 months of activities undertaken by the company.
Estrella Resources is a Western Australian focused nickel exploration and development company in a tier 1 mining jurisdiction that aims to become a significant Australian nickel producer. The company is currently focused on their Carr Boyd Nickel Project, of which they own 100%, applying modern systematic exploration to better understand the magmatic geology.
Oaklins’ team in Australia acted as lead manager and underwriter to the exercise of existing listed options for Estrella Resources.
Talk to the deal team
Related deals
Winking Studios Limited completes a secondary fundraising of US$20 million
Winking Studios has successfully raised US$20 million to fund its business strategy and future plans, such as strategic acquisitions, alliances and joint ventures as well as secondary or dual listings, to grow the group’s market share and broaden its customer base globally.
Learn moreFRP Advisory Group plc has finalized a successful secondary placing
FRP Advisory Group plc has completed a fundraising. The book was oversubscribed and approximately £20.4 million (US$33 million) of shares were sold by certain directors and partners of FRP to new and existing institutional investors at 128 pence per ordinary share.
Learn moreSurface Transforms Plc has completed an equity fundraise
Surface Transforms Plc has completed a fundraising. The funds will support the company’s working capital needs and expand its manufacturing capacity, further strengthening its position in the market.
Learn more