Mayer Brown advises Wolf Minerals Limited on AIM admission
15 November 2011
Leading global law firm Mayer Brown advised Wolf Minerals Limited (an Australia incorporated company listed on the Australia Securities Exchange) on its proposed fast track admission to AIM.
Wolf Minerals Limited is a specialty minerals exploration and development company. It has a wholly-owned subsidiary, Wolf Minerals (UK) Limited, which owns an option to acquire a lease of the minerals and mining rights to the tin and tungsten mine in Hemerdon, Devon.
Wolf Minerals has identified the Hemerdon project as a major new source of supply of tungsten for global manufacturing and industry. Wolf has completed all the necessary delineation work for mining finance at Hemerdon and is waiting for final approvals for a 650m new mine road before contracting and development ramp up can be scheduled during 2012. The redeveloped mine is expected to be completed by 2013, pending approvals.
The company’s shares are due to be admitted to trading on AIM on 30 November 2011. No fundraising was undertaken by the company.
The Mayer Brown team was led by global co-head of the Energy practice Rob Hamill and global co-head of the Mining practice Ian Coles, assisted by senior associate Patrick Hennessy and associate Louise Barber.
Rob Hamill, global co-head of the Energy practice at law firm Mayer Brown, said: " This is an exciting opportunity to advise a client that is confident that it can develop the Hemerdon project”.
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