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Press Release

Fieldfisher acts for Liberum Capital and Shore Capital Stockbrokers on Ferrum-Alloy Resources Ltd's US$10mn secondary fundraising

23/09/2022

Locations

United Kingdom

Fieldfisher's Band 1-ranked Equity Capital Markets team has acted for Liberum Capital and Shore Capital Stockbrokers, on Ferro Alloy Resources Ltd's US$10 million secondary fundraising.

Ferro-Alloy Resources Limited (“FAR” or the “Company”) is a Guernsey registered company, formed in 2000, which is the 100% owner of Firma Balausa LLP, the holder of the rights to develop and exploit the giant Balasausqandiq vanadium deposit in Southern Kazakhstan (Kyzylordinskaya Oblast). The funds raised will be used to complete an expanded feasibility study for the Balasausqandiq vanadium deposit.
 
Vision Blue Resources, Ferro Alloy's strategic investor and substantial shareholder, cornerstoned the fundraising.
 
Fieldfisher's team was led by Equity Capital Markets specialist, Ed Westhead.
 
Commenting on the deal, Ed said, "We are delighted to have advised Liberum and Shore Capital on this important fundraising for Ferro-Alloy Resources and we look forward to the Company's expanded feasibility study on what looks like an exciting prospect. It was a pleasure to work with Liberum, Shore Capital and the team at Ferro-Alloy Resources."
 

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