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Hill Dickinson advises AIM-Listed Arc Minerals on £4.14m fundraise

Hill Dickinson advises AIM-Listed Arc Minerals on £4.14m fundraise

Hill Dickinson has recently advised AIM-listed client Arc Minerals on a placing and subscription, which raised gross proceeds of £4.14 million from investors. WH Ireland and Shard Capital acted as joint brokers in relation to the placing.

The Hill Dickinson team advising Arc Minerals on the transaction was led by partner Sam Hudson, with assistance from senior associate Amy Grosvenor and paralegal Elly Falbo.

Following the successful completion of a joint venture agreement with a subsidiary of Anglo American plc for the development of its Zambian copper projects (in relation to which Hill Dickinson acted), Arc Minerals is now focusing on its wider interests in Botswana and the potential to acquire new licence areas in the Zambia copper belt. Arc Minerals intends that the net proceeds of the Placing will be used to progress its Botswana exploration programme, new acquisitions in Zambia, general working capital and to complete an off-market buyback of a specific targeted shareholding (as announced by Arc Minerals on 26 March 2024).

Commenting, Nick Von Schirnding, chief executive officer of Arc, said: ‘”We are pleased with the level of support shown from new and existing investors for this next stage of Arc Mineral’s development and I look forward to providing more updates on our activities in Botswana and Zambia over the coming months. 

“We would like to thank Hill Dickinson for their swift and attentive support on this transaction.”

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Delivering a high-quality combination of technical expertise, commercial acumen and excellent client service, our clients value the quality of our people, our market knowledge and our commitment to achieving success for them. We always aim to exceed their expectations.

Our highly experienced and recognised corporate team operates from our offices in Liverpool, Manchester, London, Leeds, Hong Kong and Singapore. We offer our clients accessible corporate support from our experienced national and international network and specialise in advising a range of clients, from large listed companies and private equity funds to smaller start-up and owner-managed businesses and management teams on the full range of transactions – both domestic and cross-border. Our advice is distinctly commercial and focused on our clients’ commercial goals.

We work in small partner-led teams, providing our clients with easy access to our partners on transactions. We offer an innovative approach to managing client relationships and fee arrangements, which sets us apart from many of our competitors. We are able to offer our clients a timely, relevant and cost-effective service, that adds real value to the transaction process.