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Memery Crystal advise long-standing client 88 Energy on a A$10 million fundraising

23/11/2020

At a glance

Memery Crystal are delighted to announce that it has advised AIM and ASX-listed 88 Energy on a successful fundraising to domestic and international investors to raise A$10 million before costs.

The placing was conducted through a bookbuilding process, managed by Cenkos Securities in the UK and Euroz Hartleys in Australia.

The proceeds of the placing , together with the company’s existing cash reserves, will be used to fund the ongoing evaluation of the conventional and unconventional prospectivity of the company’s existing assets, and to enable it to identify and exploit new opportunities on the North Slope of Alaska.

The Memery Crystal team was led by Partner Michael Dawes and Director Melanie Talbot and was supported by Trainee Sylvia Mueller.

Memery Crystal are immersed in the Natural Resources sector advising on all areas of law including public and private equity and debt finance, M&A and strategic investments, disposals and disputes. We are one of the pre-eminent providers of legal advice for companies looking to list in London and we have seen first-hand the increase liquidity and share price that a London listing brings to our clients.

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    Melanie Talbot (née Jory)
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