Memery Crystal advises on three placings

Rambler Metals and Mining

We advised Rambler Metals and Mining, a copper and gold producer, explorer and developer on an oversubscribed placing to raise US$10.5m (approximately £7.6m).

The net proceeds of the placing will be used to accelerate key elements of Rambler’s strategy at a time of strength in the copper market.

The Memery Crystal team was led by Director Melanie Talbot.

Melanie commented: “It was a pleasure to work with the Rambler team once again following their placing back in November. 2021 is an important and transformative year for Rambler and we look forward to working with them again in the future.”

Cenkos Securities on behalf of Kromek Group

We advised Cenkos Securities on behalf of  Kromek Group, a worldwide supplier of detection technology focusing on the medical, security screening and nuclear markets, on a  conditional placing, directors’ subscription and open offer to raise up to £13.0m.

The net proceeds of the transaction will facilitate the next phase of growth, allow Kromek to become cash flow positive and achieve operational profitability.

The Memery Crystal team was led by Partner Kieran Stone and Senior Associate Robert Black.

88 Energy

We advised long-standing client 88 Energy on a heavily oversubscribed  bookbuild to domestic and international institutional and sophisticated investors to raise $A12m. 88 Energy are now fully funded for all planned activity through to the end of the calendar year.

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

Our ECM team’s main focus is advising on equity capital markets transactions for international companies and we are acknowledged market leaders in advising on listings on the Main Market and AIM, secondary fundraisings and dual listings. Despite the uncertainty in the market, we are pleased to see our clients in a range of sectors continuing to benefit from increased liquidity and share price.