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23 February 20241 minute read

DLA Piper advises Atrum Coal Limited on Entitlement Offer

DLA Piper advised Atrum Coal Limited (ASX: ATU) in an underwritten accelerated non-renounceable entitlement offer to raise gross proceeds of approximately AUD 5 million. Bell Potter Securities acted as underwriter.

Atrum Coal is an ASX-listed metallurgical coal development company with mining interests in Alberta, Canada.

“The transaction advances the strategic interests of shareholders and enables the company to meet ongoing operational expenses,” said David Ryan, Corporate Partner, DLA Piper.

The DLA Piper team included David Ryan (Partner, Corporate), Kelly Morrison (Partner, Corporate), and Ella Blythe (Solicitor, Corporate).

For the 14th consecutive year, DLA Piper was the highest-ranked legal advisor in the world for M&A deal volume, according to Mergermarket's league tables. The firm was involved in 1,131 transactions worldwide in 2022.

“We were pleased to advise Atrum Coal Limited on this strategic initiative,” David said.