Memery Crystal advises Shanta Gold Limited on oversubscribed US$35m AIM fundraising

Shanta Gold is a gold development company with operations in Tanzania.  Proceeds from the fundraising will be used to support the continued expansion of mining operations at its New Luika Gold Mine.

The Memery Crystal team was led by corporate partner Nick Davis, corporate partner David Walker and included corporate associate Rumit Nanji.

Nick Davis commented, “We are delighted to have assisted Shanta Gold with this oversubscribed fundraising, which demonstrates significant investor confidence in its expansion strategy. Having worked closely with Shanta Gold since its admission to AIM in 2005, we are excited to support its continued growth.”

Memery Crystal is a recognised leader for its natural resources corporate finance work, covering M&A, private equity and IPO/fundraising for UK and international companies. The firm is ranked among the upper tier of law firms for its AIM and mining experience by both Chambers UK and The UK Legal 500, acting for smaller to medium-sized public companies, as well as for their nominated advisers and brokers. The firm has also been ranked by Morningstar as the leading law firm based on the number of AIM basic materials clients in the October 2012 edition of the Professional Services Rankings Guide (AIM Edition).