King & Wood Mallesons (KWM) is delighted to have advised Bellevue Gold Limited (Bellevue) on its $156.5 million institutional placement, and to be supporting Bellevue on its ongoing strategic review.
The institutional placement was fully underwritten by Canaccord Genuity (Australia) Limited, UBS Securities Australia Limited and Argonaut PCF Limited.
The placement proceeds have been applied to closing out near-term hedge contracts and to provide working capital to execute on Bellevue’s revised mine plan, positioning the Company for increased exposure to spot gold prices through to the end of 2025.
The KWM team was led by Partners Heath Lewis and Antonella Pacitti with support from Senior Associate Caitlin Sharp and Solicitor Cairo Leicester.
Reflecting on the transaction, Heath Lewis commented:
“We were pleased to assist Bellevue with this important capital raising, and look forward to continuing to work alongside Bellevue and its advisers as the Company continues its strategic review process.”
The Bellevue roles build on KWM’s significant and ongoing presence in gold industry advisory during this period of record gold prices.
