Transactions & Cases Detail
Constantia Resources completes US$60M strategic private placement in European Nickel
July 13, 2010
Mining & Metals
60 Million USD
On July 13, 2010,European Nickel announced it would seek to raise US$60 million through a strategic partnership with Constantia Resources, an affiliate of Canada’s Hunter Dickinson group. European Nickel, which is developing the Caldag nickel project in Turkey, said that it had agreed on a private share placement to Constantia, through two tranches. The first tranche would see the placement of 10.5 million shares, to raise US$5 million, followed by a second tranche of more than 83.3 million shares to raise US$55 million.
McCarthy Tétrault LLP advised Constantia Resources Ltd. on the strategic private placement in European Nickel plc, with a team led by Roger Taplin.