Druces Capital Markets team advised Great Southern Copper plc (LON: GSCU) on its documented fundraise and simplified disclosure prospectus. The fundraise comprised initial placing and subscription of £905k and proposed subsequent issue, which is a fairly innovative structure. The fundraise was supported by existing, institutional and new investors, together with the Company’s Directors and key senior geologists.
GSCU is a UK-listed mineral exploration company focused on the discovery of copper-gold and lithium deposits in Chile. They will be using the proceeds of the fundraise to advance further scout RC drilling of the Especularita prospect pipeline as well as conduct detailed work on the Colorada lithocap designed to define prospects for later drill-testing. In addition, the company will advance its exploration and target definition work for large scale porphyry and IOCG type deposits at the San Lorenzo Project.
The Druces team included Stephen Ronaldson (Partner), Jack Dervyn (Partner), Mark Lamph (Senior Associate), David Jahoda (Consultant) and Devon Monaghan (Trainee).
Stephen Ronaldson, Druces, commented:
“Having worked with Great southern Copper on their IPO in 2021, it was a pleasure to assist as they continue their journey. Their latest fundraise was a great success in a challenging market, demonstrating the strength of their projects and management.”
Sam Garrett, Chief Executive Officer of Great Southern Copper, commented:
“Great Southern Copper plc have been supported by Druces since the company came to market in 2021 and are particularly grateful for their most recent assistance with the Company’s latest fundraise, which required the publication of an FCA approved prospectus. Druces have excellent experience with dealing with the FCA, in particular for junior mining companies, and certainly make a complex process much simpler for management.”