Company Announcement: Engagement of Fox Davies Capital to Undertake Capital Raising
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Global Strategic Metals NL is pleased to announce that it has engaged Fox Davies Capital Limited as financial adviser and lead bookrunner in respect of a proposed capital raising by the Company. Pursuant to the Capital Raising, Global will seek to raise up to A$10 million, the completion of which would be subject to shareholder approval. The timetable and pricing of the Capital Raising is yet to be determined. It is anticipated that a large proportion funds raised from the Capital Raising will be sought from sophisticated and institutional investors in Europe. It is proposed that funds raised pursuant to the Capital Raising will primarily be applied towards developing the Company’s Wolfsberg Lithium Project in Austria (Project).
Fox-Davies Capital (FDC) is an investment bank specialising in natural resources, providing integrated corporate finance advisory, equity research and sales services to the United Kingdom and overseas publicly-quoted companies. FDC has a strong track record in assisting junior natural resource companies raise equity through their institutional and sophisticated investors globally. FDC has raised more than $1 billion for its clients since 2005. In relation to the engagement of Fox Davies, Global Chairman Tony Sage said “We chose Fox Davies after interviewing a number of other investment banks. We were particularly impressed with Fox Davies’ strong relationships particularly in Austria and Germany and their enthusiasm about the Project.”
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