Leading global law firm, Baker McKenzie has advised New York Stock Exchange-listed Lifezone Metals Limited (LZM) on the closing of a USD 50 million non-brokered private placement of unsecured convertible debentures to a consortium of investors.
The net proceeds of the issuance will be used to advance Lifezone’s Kabanga Nickel Project and for general corporate and administrative purposes. Kabanga is believed to be one of the world’s largest and highest-grade undeveloped nickel sulphide deposits.
Adam Farlow noted: “We were very pleased to assist the Lifezone Metals team with this transaction and provide them with optionality to accelerate opportunities. This deal highlights our strong transatlantic capabilities, working across offices to achieve a great result for our client within an ambitious timeframe.”
Led by Corporate Partner and Global Capital Markets Chair, Adam Farlow, the Baker McKenzie team included Structured Capital Markets Senior Associate James Tanner (London), Banking & Finance Associate Jack Measure (London), Corporate & Securities Partner, Carol Stubblefield (New York) and Corporate & Securities Associate Chris Lapp (Washington, DC).
The convertible debentures referred to in this notice have not been and will not be registered under the United States Securities Act of 1933 or with any securities regulatory authority of any state of the United States and may not be offered or sold within the United States absent registration or an applicable exemption from registration requirements.
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