Thomson Geer has advised mining and infrastructure services company Tasmea Limited on a fully underwritten institutional placement raising A$43 million.
Thomson Geer advised on all aspects of the capital raising, including reviewing the capital raising syndicate documents and investor materials.
The placement was strongly supported by new and existing institutional investors. The capital raising expands the company's share register and improves its chances of being admitted to the ASX 300 Index. The funds raised will provide Tasmea with flexibility to progress acquisition opportunities and reinforces its financial position.
The team was led by Partner Scott Gibson, with support from Senior Associate Chris Seotis.