9 May 2013
Allion Legal acts for Sumatra Copper & Gold plc on A$20 million Entitlement Offer – Principal Phil Lucas, Senior Associate Michael Jools and Solicitor Pasan Wijesuriya advised Sumatra Copper & Gold plc in relation to a A$20million Non-Renounceable Entitlement Offer. The deal was underwritten by Patersons Securities Limited. The deal involved a Entitlement Offer in respect of CHESS Depositary Instruments representing ordinary shares in a UK plc and was effected by a s708AA Offer Document and Cleansing Statement. The purpose of the capital raising was to raise funds for general working capital and the development of the company’s Tembang Project in Sumatra, Indonesia.