Memery Crystal acts for ASX-listed MOD Resources on its Main Market listing

This transaction represents Memery Crystal’s fourth recent Main Market listing of a mining company and its third listing of an Australian company on AIM or the Main Market this year. This listing is yet another ASX to LSE dual listing for the team and represents a further strengthening of Memery Crystal’s credentials for advising ASX-listed companies on accessing the UK’s capital markets.

The Memery Crystal team was led by Partner and Head of Corporate, Michael Dawes and included Associate, Robert Black, Solicitors, Max Binney and Thomas Grace and Trainee Solicitor, Nickhil Mandora.

Julian Hanna, Managing Director of MOD Resources, commented: “We are delighted to be joining a peer group of quality copper companies listed on the Main Market of the London Stock Exchange. The listing allows us to introduce MOD Resources to European and UK investors as we look to develop into a substantial copper producer. The LSE has a strong track record as a leading destination for companies with African mining assets, making it a natural dual listing destination for a company like ours with an exciting copper portfolio in Botswana’s Kalahari Copper Belt. We instructed Memery Crystal because of their experience in the mining sector and their expertise with the dual-listing of ASX-listed companies. Michael and his team ensured that the whole listing process ran smoothly and in accordance with our timetable.”

Michael Dawes commented: “It has been a pleasure to work with the MOD team on their London dual listing. Their project in Botswana is very exciting, and this is the next step in their accessing the development capital necessary to develop their flagship T3 project. We look forward to working with MOD in the future and to watching their progression and growth in the UK market. This transaction is yet another example of our market-leading practice advising Australian companies on listing in the UK, particularly those in the mining and technology sectors. We are continuing to see strong interest from Australian companies, both private and listed on the ASX, on accessing the UK’s capital markets.”

Memery Crystal is a specialist international law firm based in London with a long history of acting for clients in the mining sector. As an industry-leading advisor on AIM and the Main Market, Memery Crystal has again been included in “Band 1” in the most recent edition of the Chambers UK legal directory. The team has particular expertise in advising Australian companies on accessing the London markets, and their recent guide to listing Australian companies can be found here.