Hamilton Locke is delighted to act for Bellavista Resources Ltd on its successful initial public offering on the ASX under the ticker code (“BVR”). The IPO raised $6.5 million to explore its highly prospective battery metal and uranium targets in WA’s Mid West.
Bellavista Resources is an emerging mineral exploration company that has secured a strong land position in a highly prospective mineral province in Western Australia.
The proceeds of the IPO will be primarily directed towards exploration on four target areas spanning a large 130km-long corridor in the Upper Gascoyne region of WA’s Mid West. Three of the targets are highly prospective for battery metals, including zinc, nickel and copper and the fourth target is prospective for PGE’s and uranium.
Bellevue Gold (ASX: BGL) Managing Director Steve Parsons and Capricorn Resources (ASX: CMM) Executive Chairman Mark Clark will emerge with a significant 10 per cent stake each in the Company. Capricorn Chief Executive Officer Kim Massey and Bellevue’s former Executive Director and now Non-Executive Director Michael Naylor will each have a 6 per cent stake.
Commenting on the transaction, Hamilton Locke Partner, Shaun Hardcastle said, “We are delighted to have assisted Bellavista Resources on its successful $6.5 million IPO. This is an exciting step in their growth journey and we look forward to continuing to support the team at Bellavista Resources ”.
The team at Hamilton Locke was led by Partner Shaun Hardcastle and supported by Partner Jeremy Newman and Lawyers Simon Barcham and Lachlan Pethick. Canaccord Genuity (Australia) Ltd acted as Lead Manager.
