Conquest Mining

A$50m Share Placement

October 2009

On 14 October 2009, Conquest announced a $50 million capital raising, to fund its growth strategy.

Proceeds from the offering will be used by the Company to:

  • Fund commencement of construction of the Company’s Mt Carlton Project
  • Strengthen the Company’s balance sheet
  • Support resource definition/expansion and exploration initiative within the Company’s regional tenements.

Azure acted as sole corporate adviser and joint lead manager in all aspects of the capital raising.

The share placement was offered to sophisticated and professional investors and comprised two tranches, $25 million which was raised under the company’s existing capacity under Listing Rule 7.1 and $25 million subject to shareholder approval.