Fox Williams LLP acted for Sumatra Copper & Gold plc, which is quoted on ASX (Australian Stock Exchange ) under SUM, on a placing which raised A$2,500,000.

September 22, 2010

10,000,000 new ordinary shares were placed with Newcrest Mining Limited at A $0.25 per share equating to 7.1% of the enlarged equity share capital. Options over a further 10,000,000 shares have also been granted with an exercise price of A$0.38 per share. If fully exercised, Newcrest's interest in SCG would increase to 13.2%.

SCG, which is incorporated in England and Wales, was established in 2006 to explore for, and develop, gold-silver and copper-gold mineral deposits on the Indonesian island of Sumatra.

Jocelyn Waller, Managing Director of SCG said, "This was part of a broader transaction with Newcrest that required careful cross-referencing. Fox Williams's advice was invaluable in keeping SUM's exposure to a minimum".

Paul Osborne, Head of Corporate at Fox Williams LLP, led the placing and was assisted by senior associate Nick McCarthy.

Related pages:

Capital Markets more

Corporate more

Natural Resources more

icons Addthis Print Contact Register


tel: +44 (0) 20 7628 2000
10 Finsbury Square, London, EC2A 1AF
View map

For more information


Paul Osborne
Senior Partner
Direct dial: +44 (0)20 7614 2503


  • Top Ranked Chambers UK 2014 - Leading Firm
  • Ranked in Chambers Europe 2013 - Leading Individual
  • Ranked in Chambers Global 2014 - Leading Firm
  • Legal 500 - Leading Firm
  • The Lawyer UK 200 - Listed Firm
  • The Law Society Excellence Awards 2012 - Shortlisted
  • Investors in People - Bronze