14 October 2013
Allion Legal acts for Galaxy Resources Limited on its recent capital raising and financing transactions. Principals Stuart Mengler and Simon Rear, and Senior Associates Chris Rosario and Payal Mahindroo, acted for Galaxy Resources Limited on its recent series of capital raising and financing transactions focussed on re-structuring the company’s balance sheet. The transactions involved a non-renounceable entitlement offer which raised $37.5M, a restructure of the company’s $61.5M outstanding convertible bonds held by PRC-based investors to provide for cash/equity pre-pay arrangements, and two bridge financing facilities totalling $10M.