Thomson Geer has advised ASX-listed BMC Minerals Ltd (ASX: BMC) (BMC) on its successful initial public offering and admission to the official list of the ASX, raising A$100 million and establishing an indicative market capitalisation of approximately A$550 million on admission. BMC is a mineral exploration and development company focused on precious and base metals, including silver, zinc, copper, lead and gold. Its principal asset is the 100% owned Kudz Ze Kayah Project, in the Finlayson Lake District, south-eastern Yukon, Canada.
Thomson Geer provided end-to-end guidance on the ASX admission and IPO process, advising the Company and its Board on legal and regulatory requirements in transitioning from a private, Canada-focused mining company to a publicly listed entity in Australia. The cross-border nature of the float required close coordination with Canadian counsel and engagement with ASX and ASIC, including: alignment of Canadian technical disclosure with the JORC Code, reconciliation of Australian and Canadian reporting standards, prospectus drafting (and supplementary prospectuses), capital-raising structuring and convertible note conversion, and regulatory liaison to secure approvals and timely listing.
The Thomson Geer team was led by Partner Michael Bowen, with support from Special Counsel Natasha Augustin, Associate Rebecca Gilbert, Lawyer Charlie Mitchell.