Druces advised First Equity in connection with a placing and subscription of approximately £4.9m, and the reverse takeover of Neo Energy Metals. Upon completion of the acquisition set out in Neo Energy Metals’ prospectus, it became the controlling holding company of a uranium exploration company with operations in South Africa.
Jonathan Brown, Head of Corporate at First Equity, commented:
“We were pleased to work with Jack Dervyn and his team at Druces, who carried out their work in a very professional and timely manner.”
Jack Dervyn, Druces, commented:
“It was a pleasure to work with Jonathan and Jason at First Equity, and all involved on the transaction. The completion of the fundraising in these difficult markets alongside the acquisition are an excellent result.”