Thomson Geer has advised Canada-focused uranium explorer 92 Energy Limited on its successful A$8.7 million capital raising using Canada’s flow-through share regime.
This regime provides tax incentives to eligible Canadian investors and enables shares to be placed at a higher price than would otherwise be possible.
The funds raised from the capital raising will provide ASX-listed 92 Energy with the financial strength to aggressively target its Gemini Project in the Athabasca Basin in Saskatchewan, Canada, where it is targeting high-grade unconformity associated uranium.
The Thomson Geer team was led by Partner Scott Gibson who said: “We’re pleased to have assisted 92 Energy complete this capital raising in tough market conditions. It sets the company up to confidently continue its exploration activities in Canada.”
Thomson Geer advised 92 Energy on all aspects of the capital raising.
The Thomson Geer team also included Lawyer Sarah Urquhart and Law Graduate Ariane Moir.
Canadian law firm Bennett Jones supported Thomson Geer in the raising.