K&L Gates Acts for Manuka Resources on IPO and ASX Listing
Sydney – Global law firm K&L Gates has acted for Australian gold and silver production and exploration company Manuka Resources (ASX: MKR) on the company’s successful initial public offer (IPO) and listing on ASX.
The funds raised by Manuka under its heavily oversubscribed IPO will primarily be used to fund infill drilling and exploration programs at both of the company's highly prospective gold and silver projects in Central Western New South Wales, Australia.
Manuka's Executive Chairman Dennis Karp said: "While the completion of the IPO and ASX listing marks the end of one exciting phase for Manuka, as an ASX-listed entity, it is now well placed, adequately funded, and ready to embark on the next exciting phase of its corporate and operational development."
The K&L Gates team that advised Manuka was led by corporate and capital markets partner Russell Lyons, senior associate Joel Farina and lawyer Leon Fung.
Lyons stated: "We are very pleased to have been able to assist Australia's newest gold producer with its successful IPO and ASX listing. It is not every day that you bring an operational goldmine to the market in the midst of a global pandemic. We congratulate Manuka and very much look forward to being part of their future growth and success."
The general public offer component of the IPO was managed by leading Australian stockbroker Bell Potter Securities.
K&L Gates is a fully integrated global law firm with lawyers located across five continents. The firm represents leading multinational corporations, growth and middle-market companies, capital markets participants and entrepreneurs in every major industry group as well as public sector entities, educational institutions, philanthropic organizations and individuals.