The corporate team from Cheltenham based BPE Solicitors LLP has advised existing AIM listed client, Orogen Gold plc, on a placing and open offer to raise up to approximately £3.5 million (before expenses).
The proceeds of the fundraising, which is conditional on shareholder approval, will be used to explore corporate opportunities and for working capital purposes. Following completion of the placing and open offer, Orogen Gold, which is currently focussed on gold exploration in Europe and the United States, is proposing to dispose of its mineral exploration interests and to change the Company’s business strategy.
Anthony said: “It was a great pleasure to have worked with Orogen Gold on this transaction and we look forward to the next chapter in the company’s development.”
Adam Reynolds, Chairman of Orogen Gold, commented: "The corporate team at BPE has been exceptional on this transaction and always go that extra mile. As an entrepreneur who has completed more than 15 IPO's, they are my preferred choice."
From starting a new business to development through growth, joint ventures, buying, selling, or floating on the stock market, BPE’s corporate team has the breadth and depth of experience to support a business with sound legal advice through every stage of its lifecycle.