News.

Memery Crystal advise AIM-listed Zephyr Energy on a Placing to raise £2.5 million

16/10/2020

At a glance

Memery Crystal is delighted to announce that it has advised the Rocky Mountain oil and gas company, Zephyr Energy, on a placing to raise £2.5 million before expenses.

The placing, which was oversubscribed, has been conducted with a range of new, existing and institutional investors and with Turner Pope Investments acting as broker for the company.

Zephyr Energy is a technology-led exploration and production company focused on responsible resource development.

The net proceeds of the fundraise will be used to fully finance the company’s maximum funding obligations for drilling the State 16-2 dual-use well on its acreage in the Paradox Basin, Utah as well as a number of other strategic ventures.

The Memery Crystal team was led by CEO & Senior Corporate Partner Nick Davis, and supported by Solicitor Lauren Belmonte and Paralegal Priya Morzeria.

CEO, Nick Davis commented :“It was a pleasure to once again work with the Zephyr team. Having advised the company for many years on a number of placings, this is a very exciting time for Zephyr Energy with the upcoming spudding of the 16-2 in the  Paradox Basin. We are continuing to be instructed on a number of placings in the natural resources sector which is both a testament to the Memery Crystal team and the strength of London as a natural home for world class natural resources companies. Long may it continue!”.

Learn more

Nick Davis
Close

Contact Nick Davis

    Please complete all fields

    • ?

      I will use your email address to contact you in reference to your message. We will not pass this on to any 3rd parties, in accordance with our terms.

    Lauren Belmonte
    Close

    Contact Lauren Belmonte

      Please complete all fields

      • ?

        I will use your email address to contact you in reference to your message. We will not pass this on to any 3rd parties, in accordance with our terms.

      Latest news

      View all news