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Druces advises Great Southern Copper on its Main Market IPO and fundraising of approximately £3.5m

Druces’ Capital Markets team has advised Great Southern Copper plc, in connection with a placing and subscription of an aggregate 70,365,000 new ordinary shares at 5p each raising gross proceeds of approximately £3,500,000, and its admission to the Official List (by way of a Standard Listing) and to trading on the London Stock Exchange plc’s Main Market for listed securities.

Great Southern Copper was established to focus primarily on opportunities in the exploration sector within the South American geographic region. The current focus of Great Southern Copper is on copper-gold opportunities in Chile, a region with a long mining history and significant untapped value. Great Southern Copper has entered into options to acquire 218 mining concessions covering in excess of 53,000 hectares in the Coastal Cordillera of northern Chile. All of the project areas are considered to be prospective for copper and/or gold.

Druces’ Capital Markets team included Stephen Ronaldson (Partner), Jack Dervyn (Senior Associate) and Mark Lamph (Associate).

Stephen Ronaldson commented: 

We are pleased to have assisted Great Southern Copper on its listing on the main market and in securing the funding to finance their exploration projects in Chile. This was a lengthy process and we look forward to working with Great Southern Copper as they continue to develop and grow their business.

Samuel Garrett, Chief Executive Officer of Great Southern Copper, commented:

We would like to thank Stephen, Mark and the Druces team for their diligent service in what has been a complicated process. We were very fortunate to have Druces on our side and we look forward to working closely with Druces in the future.

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