Estrella Resources (ASX:ESR) secures underwriting for US$8.3m of existing listed options
June 2021 — Estrella Resources Limited has secured underwriting of existing listed options for US$8.3 million. The underwriting was strongly supported by domestic institutions and high-net-wealth clients. The funds raised will be sufficient to cover the next 12 months of activities undertaken by the company.
Estrella Resources is a Western Australian focused nickel exploration and development company in a tier 1 mining jurisdiction that aims to become a significant Australian nickel producer. The company is currently focused on their Carr Boyd Nickel Project, of which they own 100%, applying modern systematic exploration to better understand the magmatic geology.
Our role in the transaction
Oaklins’ team in Australia acted as lead manager and underwriter to the exercise of existing listed options for Estrella Resources.
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