Gilbert + Tobin is thrilled to announce that it is advising longstanding client Orica (ASX:ORI) on its fully underwritten AU$400 million placement and share purchase plan. The proceeds of the equity raising will be used to partially fund the US$640 million acquisition of Cyanco. Cyanco is a US-based leader in the manufacture and distribution of sodium cyanide primarily serving the gold mining industries in the US, Canada, Mexico, Latin America and Africa. 

The G+T team was led by Head of Corporate Advisory, Costas Condoleon, and senior lawyer Andrew Earle, with support from lawyers Kevin Zhou and Ruby Ballantyne.

Costas Condoleon and Andrew Earle commented, “We are very pleased to have assisted Orica on a very important and strategic transaction in pursuit of its strategy for growth beyond blasting. Congratulations to the Orica team on executing this complex cross-border transaction.”