Transactions

Peterson McVicar acts for Heron in completion of A$240 Million Funding Package

On June 30, 2017 Heron Resources Limited (“Heron” or the “Company”) announced it had secured the full A$240 million funding package required for the construction and ramp-up of its 100% owned Woodlawn Zinc-Copper Project, located in New South Wales, Australia.

The package was comprised of a loan, equity and stream funding package from subsidiaries of Orion Mine Finance Group (A$129 Million); an equity subscription agreement with a subsidiary of existing shareholder, Greenstone Resources LP and co-investment parties (A$42 Million); an equity subscription agreement from new cornerstone equity investor, Castlelake, L.P. (A$33 Million); and the receipt of commitments from various sophisticated and professional investors to subscribe for fully paid ordinary shares in the Company (approximately A$32 million).

Heron is engaged in the exploration and development of base and precious metal deposits in Australia. Heron’s primary development project is the high-grade Woodlawn Zinc-Copper Project located 250km southwest of Sydney, New South Wales.

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