DLA Piper advises Strike Energy on AUD80 million capital raising

Global law firm DLA Piper is advising Strike Energy Limited (ASX: STX) (Strike) on its successful AUD80 million capital raising, comprised of a placement and share purchase plan.

By way of placement, Strike received binding commitments from local and international institutions, and other sophisticated investors to raise AUD75 million, which has been followed by offering a share purchase plan to raise a further AUD5 million, positioning the company to become a fully integrated energy, renewable power and fertiliser company.

DLA Piper’s team was led by Perth based Corporate partner James Nicholls, with support from solicitors Kirsty Hall and Andrew Moullin.

James Nicholls said: “We are delighted to have the opportunity to support Strike throughout the development and growth of their company as they transition into a fully integrated energy, renewable power and fertiliser company. This strategic transaction and the strong demand from investors are exciting indicators of Strike’s formidable future.”