Transactions & Cases Detail



Transaction/Case Details

Constantia Resources completes US$60M strategic private placement in European Nickel

DATE CLOSED

July 13, 2010

BUSINESS SECTOR

Mining & Metals

LEAD OFFICE

Vancouver

VALUE

60 Million USD


OVERVIEW

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.

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