We acted for Prospect Resources Limited (ASX:PSC) in connection with a $10 million placement to institutional and sophisticated investors, valuing PSC at approximately $106 million. Prospect Resources is a lithium and gold exploration company with high-quality tenements located in Zimbabwe and surrounding regions.
We acted for NMG Corporation Limited, to be renamed “Acrow Formwork and Construction Services Limited” (ASX:NMG), in its reverse takeover of the Acrow group. The Acrow group includes Acrow Formwork & Scaffolding Pty Ltd, which is one of the largest formwork and scaffolding companies in Australia. The acquisition and $28m capital raising result in a transaction value of approximately $30m
We acted for Janison Education Group Limited, formerly HJB Corporation Limited (ASX:JAN) on its successful reverse takeover of Janison Solutions Pty Ltd. Janison has been developing innovative education technology solutions since being founded in 1998. The acquisition and associated capital raising resulted in the merged entity being listed on the ASX for
a value of approximately $40m.
We acted for AHAlife Holdings Limited (ASX:AHL) in its placement and fully underwritten renounceable rights issue to raise up to $5.8m.
We acted for Spreedbox Holdings Limited in the drafting of the prospectus and lodgement with ASX for the IPO of Spreedbox Holdings Limited on ASX.
We acted for LiveTiles Limited (ASX:LVT) a fast growing Software as a Service business in a $12million capital raising including a placement to institutional investors and a Share Purchase Plan.
We acted for Top Spring International Holdings Ltd, a property development company listed on the Stock Exchange of Hong Kong Stock (3688:HKG), on its acquisition of 49% of a trust holding properties located at St Leonards currently valued at $152 million planned for development into a quality residential complex.
We acted for iBuyNew Group Limited (ASX:IBN), the owner and operator of iBuyNew.com.au, one of Australia’s leading off-the-plan property marketplaces, on its $2 million non- renounceable entitlement offer.
We acted for the vendor of Paycorp, a payments processing company that processes over a billion dollars of transactions annually, on its sale to MYOB Group Limited (ASX:MYO) for $50 million. The transaction included complex sales terms and negotiations, services arrangements and intellectual property licensing aspects.
We acted for ASX-listed investment company, QV Equities Limited (ASX:QVE), and its investment manager, Investors Mutual, in connection with QVE’s $70 million capital raising comprising a $35 million institutional placement (lead managed by CommSec) and $35 million share purchase plan.
We acted for Better Caring as the recipient of the first investment by Scaleup, News Corporations Australia’s (ASX:NWS) dedicated media for equity fund. Scaleup’s participation in Better Caring forms part of a $3.5 million funding round for the company closed in October last year, which we also acted on.
We acted for Cody Live, the operator of digital advertising and marketing boards for real estate, in connection with its $1.75m capital raising comprising the issue of convertible notes to an ASX-listed company.
JANUARY & FEBRUARY 2017
We acted for Tomizone Limited (ASX:TOM), in connection with it’s $1m placement to sophisticated investors, which included a cornerstone investment from JJ Atencio, a prominent Asian property developer and venture capitalist. In conjunction, we acted on TOM’s acquisition of Social Light, Inc., aPhillipines-based technology solutions company.